When will #Bioprotocolš goes up āāš
$BIO /USDT Analysis: Plummeting to Critical Lows, Eyes on $0.2741 Support $BIO /USDT is trading at $0.2781, down 15.62% over the past 24 hours, approaching its critical support at $0.2741. The steep decline is evident with the RSI in oversold territory, sitting at 15.75, and MACD showing bearish momentum.
Key Levels:
Resistance:
$0.2900 (short-term resistance)
$0.3100 (next key level)
Support:
$0.2741 (recent low)
$0.2600 (major support)
Trade Setup:
Long Entry: Above $0.2900
Targets:
1. $0.3100
2. $0.3300
Stop Loss: Below $0.2740
Short Entry: Below $0.2741
Targets:
1. $0.2600
2. $0.2500
Stop Loss: Above $0.2850
Market Insight:
BIO is showing signs of exhaustion after a significant sell-off. The Wm %R indicates extreme bearish momentum at -93.58, but oversold conditions could trigger a short-term bounce. Watch for a break above $0.2900 to signal recovery or below $0.2741 for further downside.