$BIO
USDT SHORT TRADE SIGNAL 🔴
REJECTION FROM RESISTANCE ZONE COULD TRIGGER A STRONG DOWNSIDE MOVE!
Price has shown signs of rejection near the 0.0480 resistance level after a sharp upward push. A bearish engulfing pattern is forming, suggesting that sellers are stepping in at key resistance. If price fails to reclaim the upper level, a strong retracement is likely toward the next major support.
Trade Setup:
Entry Point: 0.04736 - 0.04802
Stop Loss: 0.04804
Take Profit: 0.04553 / 0.04534
Margin: 2-3% of wallet
Leverage: 10x
Market Outlook:
Momentum looks exhausted at local highs. Unless bulls step in aggressively, this setup favors a bearish retrace toward the demand zone below 0.04600.
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buy and trade here on $BIO