$BIO Short Liquidation: $5.0216K at $0.72935
The $BIO market just saw a dramatic surge, with $5,021.60 worth of short positions liquidated at $0.72935.
This liquidation sparked a bullish rally, as short-sellers were forced to cover, fueling upward price action in BIO.
Key Levels to Watch:
Support: The $0.72935 level now serves as strong support, with additional support around $0.710.
Resistance: The immediate resistance is at $0.740, with a more significant level at $0.760.
What’s Next?
Bullish Continuation: If BIO holds above $0.72935, it could push toward $0.740 and $0.760.
Potential Pullback: A failure to maintain above $0.72935 may see BIO revisit $0.710 for potential buying opportunities.
Quick Takeaway:
The short liquidation has unleashed bullish momentum in BIO.
Keep an eye on the support at $0.72935 to gauge if the rally will continue or if resistance will block further upside.
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