š $BIO /USDT: TESTING RESISTANCE ā IS A BREAKOUT COMING? ā”
The $BIO/USDT pair is currently trading at 0.7726, hovering near key resistance and support levels. Traders should keep an eye on price action as the market gears up for a potential breakout.
š Trade Scenarios:
Entry Point: 0.7726
Take Profit (TP) 1: 0.7900
Take Profit (TP 2): 0.8100
Take Profit (TP 3): 0.8350
Stop Loss (SL): 0.7550
Support is established at 0.7550, while resistance is at 0.7900. A breakout above 0.7900 could spark bullish momentum, targeting 0.8100 and 0.8350. On the downside, a drop below 0.7550 may trigger bearish retracement.
š Market Outlook:
BIO is testing the 0.7900 resistance zone. If the price breaks above this level, we could see a continuation toward 0.8100 and beyond. However, failure to hold above 0.7550 might lead to a pullback.
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