$BIO 📊 Technical analysis BIO/USDC

BIO is currently trading around 0.1730 USDC ⚖️, very close to my entry price at 0.1740 🎯.

After a recent high of 0.1946 USDC 🚀, the price corrected to a daily low of 0.1708 USDC 📉, testing an important support level.

🔑 Key levels to watch:

🟢 Support: 0.1710 USDC

🔴 Resistances: 0.1780 (MA25) then 0.1880 USDC

📉 RSI (6): ~35 → close to oversold, suggesting a potential technical rebound 💡

Short moving averages (MA5 & MA7) remain oriented downwards, but a return above 0.1780 could restart the momentum 📈.

🔎 Proposed strategy

✅ Take Profit (TP): 0.1880 USDC

🛑 Stop Loss (SL): 0.1650 USDC

👉 Quick summary:

BIO is consolidating close to its support ⚖️. As long as 0.1710 holds, a rebound towards 0.1880 USDC remains plausible 🚀.

Plan: Entry 0.1740 / TP 0.1880 / SL 0.1650 ✅