$BIO Attempting a Reversal From Local Bottom – Momentum Building 🟢
Long Trade Signal (Scalping):
Entry 1: 0.0465 – 0.0455
Entry 2: 0.0435 – 0.0418
TP1: 0.0495
TP2: 0.0550
TP3: 0.0620 – 0.0680
SL: 0.0395
Leverage: 10–25x (risk managed)
Open Trade in Future👇🏻
Spot Traders:
Spot buyers should wait for pullbacks near support. This is a recovery phase, not a chase zone.
Why This Trade:
$BIO has already dropped heavily from the 0.062 area and formed a solid base near 0.040, where selling pressure clearly weakened. The strong bullish candle from that zone shows buyers stepping in aggressively, signaling a short-term trend shift.
This move is a relief bounce after prolonged downside, and such structures often give multiple upside legs if price holds above the demand zone. Shorts are now risky here because downside momentum is already exhausted.
That’s why the bias is long, not short — downside is limited, upside expansion is more likely.
Support Zones:
• 0.046 – 0.045 (intraday support)
• 0.043 – 0.040 (strong demand zone)
Resistance Zones:
• 0.049 – 0.055 (first supply area)
• 0.062 – 0.068 (major resistance from previous breakdown)
As long as
$BIO holds above 0.040, this setup remains valid. A clean hold can trigger continuation toward higher targets.
If you’re not following Token Talk, you’re missing these early reversal scalps before momentum fully expands.
#BIO