$BIO /USDT - Bullish breakout after a descending channel ✅ Retracement incoming!
Current price: $0.0529 (+1.54%)
The price broke through $BIO a clearly defined descending channel and turned the main resistance area at $0.0515 into support. This structure indicates a reversal in direction, with a clear breakout candle confirming strong momentum for buyers. A retest of the support area may provide an ideal long-term entry.
📊 Trading Setup
Entry area: $0.0515 - $0.0522 (upon retest)
🎯 TP1: $0.0538
🎯 TP2: $0.0548
SL: $0.0508 (below the reclaimed support area)
Pro tip: Watch the retest closely. If the price holds above the $0.0515 level with strong wicks and bullish reaction, this is a sign of trend continuation with high confidence.
Breakout confirmed - bulls are looking forward to the next stage of the rally! 🚀