The $BIO chart is flashing a potential short setup for traders looking to scalp or swing in the current range.
🔹 Entry Zone
The ideal short entry lies between 0.250 – 0.260, a zone aligned with recent resistance. A move toward 0.265 (24h high) strengthens the case for a short entry as it coincides with liquidity zones where sellers could step in.
🔹 Risk Management
To avoid getting trapped in fake breakouts, a tight stop-loss is recommended at 0.272. This keeps risk minimal while allowing enough space for normal price volatility.
🔹 Profit Targets
TP1: 0.22780 – 0.22795 → First support level and near the Average Value Line (AVL).
TP2: 0.180 – 0.185 → Stronger support and next significant level. $BIO
TP3 (Aggressive): 0.155 → Yesterday’s low; high risk but offers strong risk-to-reward potential.
🔹 Conclusion
This plan provides a structured short opportunity with defined entry, stop, and multiple take-profit levels. Traders should remain cautious of volatility around resistance and adjust positions accordingly. If momentum breaks above 0.272, the short thesis becomes invalid. $BIO
