$BIO Congratulations guys, we hit all our targets(see the pictures below), even he risky ones, BIO went even higher then that. All thanks to Allah(swt).
I would suggest those who are gainers, to not get greedy and take profit. If you hesitate to do so and not sure then check my analysis and trade setup of BIO based on current situation. And take profit in stages. Set tight sell limits(or top loss) as there is high chance of pullback.
Short Bullish bias (≈68% bullish)
Buy zones (short 1d–1w)
• Safe: 0.120–0.130 (post-breakout retest / daily 25–99 EMA area).
• Moderately safe: 0.145–0.158 (near current momentum pullbacks).
• Risky: 0.095–0.105 (deep retrace to weekly structure).
Sell targets (short 1d–1w)
• Safe TP: 0.185–0.195 (first visible supply / micro-high).
• Moderate TP: 0.22–0.26 (previous spike zones).
• Aggressive TP: 0.30+ (if volume stays strong and daily close >0.20).
Stop-losses
• Tight: 0.114 (below recent daily swing).
• Flexible: 0.095 (below weekly support).
Those who wanna read the explanation — continue below.
Quick analysis / reasoning (short & long term)
Price ~0.17 after a sharp multi-day breakout from ~0.04 → parabolic move with heavy volume (daily volume spike visible).
RSI: overbought on 1h/1d (90s/70s) — signals short-term pullback risk but momentum strong.
MACD/EMAs: bullish alignment on 1h + crossover on daily; short EMAs riding price — trend confirmed.
S/R: strong resistance cluster around 0.18–0.20 then supply at prior spike highs (~0.24–0.30). Weekly support now ~0.09–0.12.
Orderbook/depth: balanced but heavier asks above current price — expect chop on approach to 0.20 unless buyers step in.
Plan: scale entries (25/50/25), take partial profits near safe TP, trail stop under 25EMA on daily if swing. Avoid chasing during RSI exhaustion — prefer buying pullbacks into 0.13–0.16 with confirmation.
Risk reminder: this is momentum, not guaranteed — size positions accordingly.
DYOR and Inshaallah we will keep making good profits like this.
