$BIO (Bio Protocol) is currently in a high volatility, hot sector,
Contract trading (long/short) entry point analysis:
- Key support levels (potential long entry points)
$0.13~$0.15: This area has seen multiple bounces and is considered a strong support zone. If it holds upon retest, consider gradually entering long positions.
$0.17~$0.18: Short-term support; if it stabilizes after a pullback to this range, a small position may be considered for a long entry.
- Key resistance levels (potential short entry points)
$0.25~$0.32: This week's high, encountered resistance multiple times. If the price rises to this range and volume fails to sustain, consider gradually entering short positions.
Above $0.32: A rapid surge occurs but is not supported by volume; be cautious with chasing highs, suitable for aggressive bears betting on short-term pullbacks.
Range trading strategy
If the price oscillates in the $0.18~$0.25 range, a high sell and low buy strategy can be employed, with quick entries and exits.