BIO ($BIO ) continues its gains: an increase of +19.70% amid strong buying momentum! 🚀📈
🔍 Technical analysis of price movement:
BIO is stable at $0.1689 after recording a daily high of $0.1696 and a low of $0.1396.
The trading volume reached 28.3 million BIO units with a total value of $42.88 million, reflecting strong market interest and a clear upward momentum.
📊 Market direction:
- Buying ratio: 67.12%
- Selling ratio: 32.88%
This indicates a dominance of buyers, supporting the continuation of the upward trend in the short term.
🟢 Entry opportunities (Long position):
- Technical entry range: between $0.1670 – $0.1675
(It is preferable to enter after confirming an additional green candle on the short time frame, while monitoring liquidity in the order book)
🎯 Trading targets:
- TP1: $0.1720
- TP2: $0.1780
📉 Stop loss:
- Below $0.1640 (under the momentary support area)
📌 Technical note:
Price behavior at the level of $0.1696 will determine whether BIO can continue to rise. It is advisable to monitor liquidity and market reaction to this resistance to confirm the continuation of momentum.
