$BIO buying volume was high during the pump to 0.3249, but decreased drastically when the price dropped → indicating distribution, not accumulation.
Lower liquidity:
0.221 – 0.225 (100 EMA area and previous consolidation → many buyers' stop-loss orders piled up).
0.208 – 0.210 (strong support, also near the 24-hour low → many pending buy orders).
Upper liquidity:
0.249 – 0.255 (last rejection area → many sellers' stop orders).
0.3249 (previous high → large liquidity target).
Short-term (next few hours): The price is likely to fall first to capture lower liquidity in the 0.221 – 0.225 area.
If this area breaks, the next target is 0.208 – 0.210.
Mid-term: As long as it remains above the 200-EMA (0.1893), the major trend remains bullish → a rebound is likely after filling the liquidity gap.
Trading Plan
Quick Long entry: around 0.221 – 0.225, initial TP 0.249 – 0.255, SL below 0.208.
Short entry: if the price rejects strongly again at 0.249 – 0.255, lower target 0.225 – 0.210.
⚠️ So, the current market direction is more likely to fall first (bearish pullback) before a possible rebound.