#CryptoCharts101 📈 *Long Signal Alert – BIO/USDT*
*Pair:* BIO/USDT
*Trade Direction:* *LONG (Buy)*
*Entry Zone:* 0.0600 –0.0620
*Current Price:* ~0.061
*Targets:*
- 🎯 Target 1:0.0630
- 🎯 Target 2: 0.0640
- 🎯 Target 3:0.0660
*Stop Loss:* $0.0550
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🧠 *Technical Justification:*
- *Price Action:* Bullish breakout from a recent consolidation zone with higher lows forming, signaling trend strength.
- *Indicators:* RSI is holding above 50, confirming bullish momentum. MACD crossover supports upward movement.
- *Volume:* Buy-side volume is increasing, showing strong interest from bulls.
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⚠️ *Risk Management:*
- *Risk/Reward Ratio:* 2.5+:1 (up to Target 2)
- Use strict position sizing; don’t risk over 1–2% of total capital per trade.
- Adjust leverage cautiously if used.
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⏳ *Time Frame:*
Best for *short to mid-term swing traders (1–7 days)*. Not ideal for scalping.
Ensure you monitor key resistance zones and major BTC movements which could affect altcoin sentiment.
📌 *Always do your own research (DYOR) before entering any trade.*
#CryptoCharts101 #BIOUSDT #BinanceAlpha #TechnicalAnalysis