$BIO
– Strong confirmed breakout 💯 🔥
Market structure: Sharp vertical breakout with strong green candles and an increase in volume, indicating buyer dominance.
Entry level:
Consider entering long between 0.0900 – 0.0930 during a slight pullback for a better risk-to-reward ratio.
Stop loss:
Set the stop loss below 0.0850 to manage
downside risk.
Target points:
• TP1: 0.0985
• TP2: 0.1050
• TP3: 0.1120
Analysis :
$BIO /USDT has risen over 63% in the last 24 hours, confirming a high momentum breakout from the range of 0.0600. The current price action shows no significant resistance above, and volume supports continuation. Look for a healthy pullback before entering, and trail the stop loss as targets approach.
Risk management:
Avoid chasing the top.
Only enter on pullbacks with volume support.
Stick to your stop loss.