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BIO/USDT according to the 4h chart
🔎 Technical Analysis:
Current Price: 0.1287 USDT
Nearby Resistances:
0.1300 Psychological Level.
0.1400 Strong Resistance.
0.1522 Recent Highest Peak.
Nearby Supports:
0.1250 First Support (Close to EMA7).
0.1126 Second Support.
0.0950 Main Support.
Technical Indicators:
EMA 7 and EMA 25: Price is above them, a positive signal for the continuation of the short-term upward trend.
RSI at 57: Neutral leaning towards upward (has not entered overbought territory).
MACD: Shows a positive crossover and continues to rise.
Trading Volumes: Were very high with the recent rise and then began to gradually decrease, which may indicate an upcoming correction.
📊 Expected Scenario:
If the price maintains 0.1250 as support, we might see a retest of 0.1400 – 0.1520.
If it breaks below 0.1250, it may drop to 0.1120 – 0.0980 before resuming any upward movement.
✅ Recommendation:
For quick traders: Buy near 0.1250 – 0.1270 targeting 0.1400 – 0.1500 with a stop loss below 0.1200.
For short-term investors: Gradual accumulation above 0.1120 and hold until breaking 0.1520, at which point the next target could reach 0.18 – 0.20