🚀 $BIO/USDT Futures Trade Setup – Reversal Opportunity After Sharp Sell-Off! 🔄

Chart: 1H | Exchange: Binance

Current Price: $0.2577 (+3.79%)

$BIO just experienced a steep drop from above $0.32 down to the $0.24 zone. However, it has now printed a strong bullish recovery candle, indicating a potential dead-cat bounce or full reversal depending on market conditions.

📍 Trade Idea: Long Setup (Short-Term Reversal Strategy)

Entry:

Confirmed breakout above $0.2600

(early entries allowed near $0.2570 with tight SL)

Stop Loss:

Below the recent wick low — $0.2390

🎯 Targets:

TP1: $0.2750 (minor resistance)

TP2: $0.2900 (pre-dump support)

TP3: $0.3100 (gap-fill target)

Risk-Reward Ratio: Between 1:2 and 1:3+

🧠 Why This Setup Could Work:$BIO

✅ Oversold condition after heavy dump

✅ Bullish engulfing candle forming from a strong support zone

✅ Buyers stepped in at $0.24 with volume

✅ Short squeezes are common after such sharp declines

✅ Clean invalidation below recent wick low

⚠️ Key Notes:

Breakout traders: Wait for a clean close above $0.2600

Aggressive scalpers: Look for entry in the $0.2550–$0.2580 zone

Monitor BTC/ETH for market-wide sentiment

Tight SL is a must — this setup relies on momentum and quick reaction

🔍 Market Snapshot:

Level
Price




🔻 Support Zone
$0.2380 – $0.2450


🔼 Breakout Level
$0.2600


🔺 Resistance
$0.2750 – $0.3100


$BIO #BinanceSquareFamily #CryptoStrategies