$BIO – Strong Bullish Breakout 🚀
Showed $BIO
tremendous strength, having risen by more than 80% in the last twenty-four hours, reaching a peak of 0.2645. The chart indicates a strong breakout from accumulation, with continuous highs and strong buying volume. As long as the momentum continues, BIO stock may retest the 0.2700 level, and possibly head towards 0.3000. However, after this sharp movement, short-term corrections may occur, so risk management is crucial.
Trading Setup:
Entry Price: 0.2550 - 0.2600
Target 1 (TP1): 0.2800
Target 2 (TP2): 0.3000
Stop Loss (SL): 0.2400
Risk Management: Use an appropriate position size, ensuring that the risk does not exceed 2-3% per trade.