#BIO $BIO Current price: ~0.0465
(REMEMBER TO BUY THE FEAR AND SELL THE GREED)👌👍
📉 Market structure
BIO is in a clear short-term downtrend (15m–1h).
Strong rejection from the 0.050–0.051 area.
Price is now compressing near support, suggesting a decision move soon.
🔑 Key levels
Support
0.0460 – 0.0455 (critical support)
0.0440 – 0.0435 (next demand zone if breakdown happens)
Resistance
0.0478 – 0.0485
0.0500 (major trend resistance)
📊 Indicator bias
RSI: Near oversold → small bounce possible
Volume: Declining → selling pressure slowing
Trend: Bearish until above 0.0485
🔮 Price prediction (next 24 hours)
Base case (most likely): Range between 0.0455 – 0.0480
Bullish bounce: If 0.0460 holds, move toward 0.0478 – 0.0485
Bearish breakdown: If 0.0455 breaks, drop to 0.0440
💡 Trading outlook
Scalp buy zone: 0.0458 – 0.0462, tight SL below 0.0450
Short setup: Rejection near 0.0480 – 0.0485
Trend reversal only if: 1h close above 0.050