$BIO — BEARS STILL IN CONTROL AS RECOVERY STALLS BELOW RESISTANCE $BIO is trading at $0.0969, down over 6% in the last 24 hours, after a sharp drop to $0.0951. Although a minor bounce was attempted, price action is now consolidating below the mid-Bollinger band, showing weak bullish momentum. Sellers remain active, and any failure to break above $0.0980 could invite another leg down.
Trade Setup (Short)
Entry: $0.0969 – $0.0975
TP1: $0.0953
TP2: $0.0940
Stop Loss: $0.0985
Market Outlook: Momentum is still tilted toward the downside, with selling pressure dominating near resistance zones. A breakdown below $0.0950 could accelerate losses, while only a breakout above $0.0985 would signal a shift toward short-term recovery.
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