⚠️ $BIO USDT BEARISH PRESSURE – SUPPORT TEST IMMINENT!
$BIO /USDT is struggling to maintain upward momentum, with repeated rejections near the $0.0495-$0.0500 zone indicating sellers’ control. The current structure hints at a potential retest of lower support levels.
🔑 Key Levels:
Resistance: $0.0495
Support: $0.0470
Current Price: $0.0478
📉 Trade Setup (Short):
Entry Zone: $0.0477 – $0.0482
Targets (TP):
TP1: $0.0472
TP2: $0.0468
TP3: $0.0460 (if breakdown momentum accelerates)
Stop Loss (SL): $0.0490 (above minor resistance zone)
🔎 Market Outlook: Market remains sideways with bearish bias as repeated failed attempts to break $0.0495 indicate exhaustion in buying volume. A clean breakdown below $0.0470 can open room towards $0.0460.
⚠️ Risk Management: Always use proper position sizing with defined SL. Avoid overleveraging on low-liquidity pairs to maintain consistent portfolio growth.