🛑$BIO/USDT POTENTIAL SHORT TRADE SIGNAL – Initial Target $84.00 🐻
Based on the provided chart, BIO/USDT is currently trading around $85.04 and has recently tested the upper Bollinger Band (around $85.42). The RSI (6) is at 66.05, indicating that the upward momentum might be slowing after the test of resistance. If the price fails to sustain above the current level and breaks below the middle Bollinger Band (around $83.84), a move towards the lower Bollinger Band is possible.
Trade Setup:
• Entry Zone: $84.90 - $85.15
• Initial Target (TP1): $84.00 ✅
• Potential Further Target (TP2): $83.20 🎯
• Stop-Loss: Above $85.60 🛑
The bearish scenario is more likely if the price rejects the recent high and breaks below the middle Bollinger Band. Watch for increasing selling volume to support this potential short trade.
Disclaimer: DYOR and NFA.
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