๐ $BIO USDT โ POTENTIAL BULLISH REVERSAL FROM SUPPORT
$BIO is currently trading at 0.0522 (-4.40%) after a pullback from its recent high near 0.0556. The price is testing a key support zone with possible bullish reversal setups emerging.
๐ Key Levels
Resistance Levels:
0.0532 (immediate)
0.0540 (major)
Support Levels:
0.0514 (current local support)
0.0497 โ 0.0490 (strong demand zone)
๐ผ Trade Setup
โ Long Entry Zone:
Between 0.0515 โ 0.0520
๐ฏ Targets:
TP1: 0.0532
TP2: 0.0540
โ Stop Loss:
Below 0.0490
๐ Market Outlook
Price is consolidating after a strong impulsive move up, forming a higher low structure. If buyers protect 0.0514 and push above 0.0532, bullish momentum could resume towards 0.0540+.
โ ๏ธ Risk Management
Use 2% maximum risk per trade. Wait for clear bullish rejection candles in the support zone before entering for higher probability.