$BIO
- I expect the price to sweep liquidity below 0.1742 or 0.1712 (the most recent swing low of this move), and if there is a strong bullish reaction (like a sharp wick followed by an impulsive green candle), a long trade can be opened with a target at 0.1847, then possibly 0.1900 if momentum continues. Enter only after confirmation like a bullish engulfing pattern or a reversal sign on lower timeframes.
- If the price instead spikes to 0.1847–0.1856 and fails to break through (with a strong reversal candle or sharp wick), then look for a short entry targeting 0.1761 or even 0.1682. Confirmation for entry should be a bearish engulfing or lower timeframe breakdown.
- My bias right now is slightly bullish for a bounce if the lower support is swept with a reversal, otherwise, watch for shorts if the supply zone at 0.1847–0.1856 holds.
- If price breaks and closes above 0.1856 with stron...
