#BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert
Chart Analysis for BIO/USDT (15-Minute Timeframe)
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Trade Setup
Scenario 1: Long Trade (If Support Holds at $0.7728)
Entry: Around $0.7728 (current price), or wait for a confirmation of a bounce.
Take Profit:
1. TP1: $0.8186 (Middle Bollinger Band).
2. TP2: $0.8400 (near recent resistance).
Stop Loss (SL): $0.7500 (below significant support).
Risk/Reward Ratio: Minimum 1:2.
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Scenario 2: Short Trade (If Price Breaks Support)
Entry: Below $0.7720 (confirmation of a breakdown).
Take Profit:
1. TP1: $0.7400 (psychological support).
2. TP2: $0.6835 (Lower Bollinger Band extension).
Stop Loss (SL): Above $0.7900.
Risk/Reward Ratio: Minimum 1:2.
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