$BIO Trading Strategy Update

🔎 Key Insight:

A long liquidation of $6.833K at $0.6833 indicates selling pressure, with bears gaining control. This signals potential for further downside but also offers a rebound opportunity if buyers step in.

📉 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Wait for the price to stabilize between $0.675 - $0.685. This range is ideal for entering a position if bullish recovery begins.

2️⃣ Target Levels:

Target 1: $0.700 (initial resistance level)

Target 2: $0.720 (key breakout zone)

Target 3 (Stretch Goal): $0.740

3️⃣ Stop Loss:

Set a stop loss at $0.665 to protect against further downward movement.

💡 Strategy Insights:

Volume Confirmation: Monitor volume around $0.6833. A rise in buying volume could indicate a potential reversal.

Risk Management: Keep your position size small to manage risk in a volatile market.

Market Trends: Keep an eye on broader market movements or news impacting $BIO.

🚨 Pro Tips for Success:

Watch for Support: Ensure strong support around $0.675 before entering the trade.

Secure Gains Gradually: Take profits at $0.700 and $0.720 while leaving some for the stretch target of $0.740.

Set Alerts: Use alerts for $0.685 and $0.700 to stay updated on price action.

Trade cautiously and stick to your plan. Patience and risk management are key to navigating this market effectively!

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