$BIO /USDT is currently showing bullish momentum
With strong support forming at $1.95 and resistance overhead at $2.40. A sustained push above resistance could ignite a continuation toward higher levels.
Fibonacci Levels:
The price is consolidating between the 0.382 retracement at $2.05 and the 0.618 retracement at $2.35. Holding above the 0.382 is crucial; reclaiming the 0.618 zone would confirm a bullish breakout setup.
RSI:
RSI stands around 62, signaling healthy buying pressure without being overbought. Momentum is favoring bulls, but watch for spikes above 70 where profit-taking risk increases.
Entry Zones:
Safer Entry: Accumulation near $2.00–$2.05, where support and Fib alignment provide a solid risk-reward.
Aggressive Entry: A breakout confirmation above $2.40, targeting higher upside momentum.
Take-Profit Zones:
TP1: $2.70 (first breakout target).
TP2: $3.10 (major resistance + psychological round number).
Stop-Loss Ideas:
Conservative SL: Below $1.90, to protect against deeper pullbacks.
Tight SL: Below $2.05, ideal for short-term traders.
📈 $BIO is shaping into a bullish continuation play, provided support levels hold and the breakout confirms above resistance. Traders should watch volume closely for validation.
