$BIO /USDT is displaying strong bullish momentum, with a solid support base forming at $1.95 and resistance capping the upside at $2.40. A decisive move above this resistance could spark further gains.
Fibonacci Levels:
The pair is consolidating between the 0.382 retracement at $2.05 and the 0.618 retracement at $2.35. Maintaining price action above the 0.382 level is key, while a reclaim of the 0.618 zone would strengthen the bullish breakout setup.
RSI:
Currently at 62, RSI reflects steady buying pressure without entering overbought conditions. Momentum favors the bulls, though traders should stay cautious once RSI climbs beyond 70, where profit-taking could trigger pullbacks.
Entry Zones:
Conservative Entry: Around $2.00–$2.05, where support aligns with Fib levels for a favorable risk/reward setup.
Aggressive Entry: Breakout confirmation above $2.40, opening the door for further upside.
Take-Profit Targets:
TP1: $2.70 — initial breakout objective.
TP2: $3.10 — major resistance and psychological barrier.
Stop-Loss Strategies:
Conservative SL: Below $1.90, guarding against deeper corrections.
Tight SL: Below $2.05, suitable for short-term setups.
📊 Overall, $BIO looks positioned for a bullish continuation, as long as support holds and resistance is cleared. Watching volume confirmation will be essential for validating the move.
