📊 Key Observations from Your BIO/USDT Charts

🕒 Timeframe: 15 Minutes

1. Price Action

CMP (Current Market Price): 0.0973

High: 0.1060

Pullback from top seen; red candle forming — a rejection wick after a strong green rally.

This suggests resistance was hit near 0.1060 and now some selling pressure is present.

2. Indicators

MACD: Weak positive (DIF: 0.0155, DEA: 0.0147) → still bullish but momentum is flattening.

StochRSI: 34.02 → neutral zone, came down from overbought (selling pressure increasing).

SAR (yellow dots above price): Has now shifted below candles, still bullish — no sell signal yet from SAR.

3. Volume

High volume spike followed by declining volume — volume divergence suggests a potential reversal.

4. Order Book

Bid-Ask Spread Tight (0.0973 vs 0.0974) — Market in equilibrium.

Buy pressure: 56.14%

Sell pressure: 43.86%

However, larger sell walls are seen in volume (ask side at higher prices), indicating potential resistance.

🔥 Summary: Is It Urgent to Short Now?

✅ Signs Supporting Short Trade (Bearish):

Price rejected from top (0.1060)

Decreasing volume

Small red candles forming after a spike

StochRSI falling from overbought zone

Weakening MACD histogram

🚫 Caution Against Immediate Short:

SAR still bullish (no confirmation)

Market still +60% on the day → strong uptrend may resume

Buyer pressure > seller pressure in order book

Could be a consolidation before next breakout

✅ Recommendation (Tactical Plan)

1. Wait for confirmation on 15m chart:

Next candle closes below 0.0970 with increased red volume.

MACD line crosses downward (wait for crossover).

SAR flips above candles (bearish signal).

2. If confirmed, consider:

Short entry: Around 0.0968–0.0970

Target: 0.0925 or 0.0890 (previous support zones)

SL (Stop Loss): Tight SL above 0.0995 or 0.1000 (recent wick top)

3. If bullish reversal happens instead:

Cancel short plan.

Watch for breakout above 0.1000 → could reattempt 0.1060 or higher.#CryptoIn401(k) #BTCUnbound #BinanceHODLerPROVE #BitcoinTreasuryWatch