$BIO Trading Strategy Update

🔎 Key Insight:

A short liquidation of $5.0291K occurred at $0.74638, signaling strong bullish momentum as sellers were forced to close positions. This level presents a potential opportunity for upward movement.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $0.740 - $0.750. This range is close to the liquidation level and ideal for capturing bullish continuation.

2️⃣ Target Levels:

Target 1: $0.765 (initial resistance)

Target 2: $0.780 (mid-level target)

Target 3 (Stretch Goal): $0.800

3️⃣ Stop Loss:

Set a stop loss at $0.730 to minimize risk if the price reverses unexpectedly.

💡 Strategy Insights:

Volume Confirmation: Monitor for increased buying volume near $0.746 to validate the potential upward momentum.

Risk Management: Use a balanced risk-reward approach with proper position sizing.

Market Context: Keep an eye on broader market conditions and $BIO -specific updates to gauge sentiment.

🚨 Pro Tips for Success:

Wait for Stability: Only enter once the price stabilizes or shows signs of recovery within the buy zone.

Secure Partial Profits: Take partial profits at $0.765 and $0.780 while holding some for the stretch goal of $0.800.

Set Alerts: Use price alerts for $0.750 and $0.765 to track key levels efficiently.

Patience, discipline, and proper risk management are the keys to maximizing your trading success. Stay focused and let the market work for you!

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