$BIO is trading at $0.150972, up 0.11% from the previous close. The price has shown resilience, bouncing from a low of $0.12138 to a high of $0.153486 within the day. This upward movement suggests a potential continuation of the bullish trend.
Fibonacci Levels:
The recent price action indicates a retracement from the previous high. Key Fibonacci levels to watch are:
38.2% Retracement: Approximately $0.1206
50% Retracement: Approximately $0.1137
61.8% Retracement: Approximately $0.1068
A bounce from these levels could signal a continuation of the upward trend.
RSI (Relative Strength Index):
The RSI is currently at 69.67, indicating that the asset is approaching overbought conditions. This suggests that while the current momentum is strong, traders should be cautious of potential pullbacks.
Entry Zones:
Safer Entry: Consider entering around $0.1206, near the 38.2% Fibonacci retracement level, with a stop-loss below $0.1137.
Aggressive Entry: Enter at current levels around $0.150972, with a stop-loss below $0.1400.
Take-Profit Zones:
TP1: Approximately $0.1600, aligning with recent resistance levels.
TP2: Around $0.1700, targeting a retest of previous highs.
Stop-Loss Ideas:
Conservative: Place a stop-loss below $0.1137 to protect against significant downside risk.
Tight: Set a stop-loss just below $0.1400 to minimize potential losses.
