1. Summary
$BIO just bounced strongly from around ~$0.24 up to $0.3254, currently pulling back slightly around $0.3057; short-term bias is bullish but overbought requires volume confirmation.
• Price: $0.3057; catalyst: breakout + volume spike; monitor inflows/whales.
2. Analysis
MA7 (≈0.284) has moved above MA25/MA99 — technical structure is leaning bullish; 1H RSI ~81 (overbought → risk of pullback). Support near $0.287–$0.238 (fixed area before breakout); immediate resistance $0.3254 (recent high), extends to $0.336–$0.38 if there is follow-through volume. Volume spike confirms leg up but is decreasing — continuation needs an increasing candle with volume; on-chain/CEX inflows or whale moves can reverse quickly, current sentiment is short-term FOMO.
3. Strategy
Entry:
• Scenario A (Continuation): enter when 1H closes > $0.327–$0.330 with volume increase compared to MA20 volume.
• Scenario B (Pullback): wait to buy $0.260–$0.287 if there is wick rejection + 1H reversal; only add when holding above the support area of $0.238.
Stop-loss: $0.225 (below the support area to avoid noise sweep).
TP1/TP2: TP1 = $0.3254 (take partial at the recent high); TP2 = $0.36–$0.38 (scale out if volume continues). If a breakout occurs but volume does not follow → reduce TP1 to $0.315–$0.320 to preserve capital.
Exit triggers: large amounts moving to CEX, whale dump alerts, or 1H RSI >90 with decreasing volume → exit quickly. Use limit/probe orders — avoid market orders during thin liquidity.
