$BIO š„ š„
Chart Overview (BIO)
Trend: Strong uptrend ā buyers in control with steady upward movement.
Candles: Consecutive solid green candles ā bullish dominance.
Momentum: RSI climbing, showing strong buying pressure.
Volume: Supportive volume rise ā confirms breakout strength.
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š Technical Analysis
Immediate Resistance: 0.1500 USDT (psychological level & recent supply zone).
Support Zone: 0.1350 ā 0.1370 USDT (recent breakout area).
Moving Averages: Price above 20 EMA & 50 EMA ā trend remains intact.
RSI: Near bullish zone but not extreme ā space for further upward move.
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šÆ Trading Setup
Entry: Buy near 0.1440ā0.1450 USDT on momentum continuation.
Stop-Loss (SL): 0.1350 USDT (below strong support).
Take Profit (TP):
TP1: 0.1500 USDT (immediate resistance).
TP2: 0.1580 USDT (next extension if momentum sustains).
TP3: 0.1650 USDT (strong bullish breakout target).
ā Bias: Bullish ā momentum strong, likely to test 0.1500+ soon if volume continues.
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ā ļø Disclaimer: This is technical analysis only, not financial advice. Always use stop-loss and manage risk according to your trading plan.