Let's analyze BIO/USDT according to the attached chart:
4h
🔎 Technical Analysis:
Current price: 0.1287 USDT
Nearby resistances:
0.1300 is a psychological level.
0.1400 is strong resistance.
0.1522 is the highest peak recorded recently.
Nearby supports:
0.1250 is the first support (close to EMA7).
0.1126 is the second support.
0.0950 is the main support.
Technical Indicators:
EMA 7 and EMA 25: Price is above them, a positive signal for the continuation of the short-term bullish trend.
RSI at 57: Neutral leaning bullish (has not entered the overbought zone).
MACD: Shows a positive crossover and a continuous upward trend.
Trading volumes: Were very high with the recent rise and then started to decline gradually, which may indicate a near correction.
📊 Expected scenario:
If the price maintains 0.1250 as support, we may see a retest of 0.1400 – 0.1520.
If it breaks 0.1250 downwards, 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 holding until breaking 0.1520, then the next target may reach 0.18 – 0.20.
