facing lose of -15% 😓 and this us my first even trade.

Strong Bearish Momentum Confirm 💯
$BIO

/USDT Technical Analysis and Trade Strategy💯💥

Current Price: $0.4642
24h High: $0.5454
24h Low: $0.4569

Indicators Overview:

1. Trend: BIO/USDT is showing bearish momentum with a 13.97% drop in the last 24 hours but is attempting to stabilize near the $0.46 level.

2. RSI: RSI is near oversold territory, indicating potential for a bounce.

3. Support Levels: Strong support at $0.45 (24h low).

4. Resistance Levels: Immediate resistance near $0.48 and $0.50.

Trade Strategy:

1. Entry Point:

Buy Zone: $0.45–$0.47 (on stabilization or bounce from support).

2. Targets 🎯:

🎯 Target 1: $0.48 (immediate resistance and consolidation zone).

🎯 Target 2: $0.50 (psychological resistance and recovery target).

🎯 Target 3: $0.54 (24h high, requires bullish confirmation).

3. Stop Loss:

Place a stop loss at $0.44 to manage downside risk.

Notes:

Watch for increasing volume to confirm reversal or breakout above $0.48.

If the price falls below $0.45 without a rebound, avoid further buying until a clear trend emerges.

Adjust stop loss to breakeven after hitting the first target.

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