🔥 Quick Analysis for the BIO/USDT Pair 🔥
🎯 Support and Resistance
Strong Resistance: 0.1300 → 0.1350 (Breaking it opens the way for 0.1500).
Immediate Support: 0.1200 → 0.1165 (MA 7).
Strong Support: 0.1093 (MA 25) → 0.1038 (MA 99).
📈 Upward Targets (if the rise continues)
1. 0.1300 (Short-term target).
2. 0.1500 (Medium-term target).
3. 0.1800 (Ambitious target in case of strong momentum).
📉 Downward Targets (in case of correction or reversal)
1. 0.1165 (Buy at the first support).
2. 0.1093 (Strong buying zone).
3. 0.0997 (Lowest price in 24 hours).
💡 Quick Recommendations
✅ For Buyers:
Wait for a correction towards 0.1165 - 0.1200 to enter safely.
Stop Loss: Below 0.1093.
Profit: Partial sell at 0.1300 and 0.1500.
❌ For Sellers:
Watch 0.1300 for selling opportunities if weakness in momentum appears.
Ensure RSI drops from 90 before selling.
⚠️ Warning:
RSI at 90 (Overbought) → Strong correction potential!
Risk management is essential due to potential volatility.
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🚀 Summary:
The overall trend is upward, but beware of correction!
Enter at support, and sell at resistance.
Monitor RSI and MACD for any change in momentum.
📌 #Safe_Trading #Risk_Management #BIO_USDT
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