$BIO Long Liquidation: Bulls Fall at $0.7154!
The bio market just experienced a $1.08K long liquidation, triggered at the critical level of $0.7154.
This move highlights a surge in bearish pressure, with bulls unable to defend a key support zone, potentially setting the stage for further downside.
Key Details:
Liquidation Value: $1,087.40
Triggered Price: $0.7154
Market Sentiment: Bears taking control.
Next Move:
Downside Risk: If the decline continues, $BIO could target the next support level at $0.7000, a major line in the sand for bulls.
Upside Potential: A recovery above $0.7300 would signal renewed bullish momentum and a potential reversal.
Suggested Stop Loss:
For longs: $0.7050
For shorts: $0.7300
$BIO is teetering on a critical edge—stay alert as the battle between bulls and bears heats up!