$BIO /USDT-Bullish Momentum long Trade Signal

Current Price: $0.1310

Intraday High: $0.1463

Intraday Low: $0.1001

Change: +$0.0298 (+0.29%)

🔽 Trend: Consolidation Phase (August 18, 2025)

Bio Protocol ($BIO) is currently in a consolidation phase, trading between key support and resistance levels.

Support: $0.1249

Resistance: $0.1444

A breakout above $0.1444 could signal a bullish trend continuation, while a drop below $0.1249 may indicate further downside potential.

🔢 Fibonacci Levels: Retracement Status

Analyzing the recent price movements:

Swing Low: $0.1001

Swing High: $0.1463

Key Fibonacci retracement levels are:

23.6%: $0.1249

38.2%: $0.1185

50.0%: $0.1232

61.8%: $0.1279

The price is currently above the 23.6% level, suggesting a potential for upward movement if it holds above this support.

📈 RSI: Relative Strength Index

Current RSI: 87.8

An RSI above 70 indicates that $BIO is in overbought territory, suggesting a potential for price correction or consolidation.

🎯 Entry Zones

Safer Entry: Wait for a pullback to the 38.2% Fibonacci level around $0.1185, confirming support before entering.

Aggressive Entry: Enter near the current price of $0.1310, anticipating a breakout above the resistance level.

💰 Take-Profit Zones

TP1: $0.1444 (previous resistance level)

TP2: $0.1714 (next resistance level)

Achieving these targets would represent significant gains from the current price level.

🚫 Stop-Loss Ideas

Conservative Stop-Loss: Place below the 61.8% Fibonacci level at $0.1279 to allow for some volatility.

Tight Stop-Loss: Set just below the 23.6% level at $0.1249 to minimize risk.

📌 Summary

Bio Protocol ($BIO) is currently consolidating within a defined range. Traders should monitor key support and resistance levels, Fibonacci retracement zones, and RSI indicators to make informed decisions.