$BIO

USDT BEARISH MOMENTUM – WILL THE SELLING PRESSURE CONTINUE?

BIOUSDT is currently trading at $0.0500, down 7.92% in the last 24 hours, showing a strong bearish trend with continuous lower highs and lower lows on the 1H timeframe.

🔑 Key Levels:

Resistance: $0.0540 – $0.0552

Support: $0.0494 (24h low), further psychological support at $0.0450

📉 Trade Setup (Short):

Entry Zone: $0.0500 – $0.0510

Take Profit Targets:

➔ TP1: $0.0480

➔ TP2: $0.0450

Stop Loss: $0.0525

💡 Market Outlook:

The price action is dominated by strong selling candles with minimal recovery attempts, indicating sellers remain in control. If the support at $0.0494 breaks decisively, a sharper decline towards $0.0450 could occur. Only a strong close above $0.0540 would negate this immediate bearish bias.

⚠️ Risk Management:

Always use strict stop-loss levels, risk max 1-2% of your capital per trade, and avoid over-leveraging in a volatile bearish environment like this.

#BearishSetup #CryptoTrading #BIOUSDT #TechnicalAnalysis #RiskManagement

buy and trade here on $BIO