/USDT Strong Bull Move Confirm đŻ đĽ Ready For Next Target đŻ đŻ đĽ
$BIO /USDT is trading at $0.3049, showing a slight decline of -1.71%. The 24-hour high was $0.3337, and the low was $0.2741. The volume has been relatively high, suggesting potential for both upward and downward movement.
Entry Points:
Long Entry: $0.3100 (recovery above current support and recent price levels).
Short Entry: $0.3000 (if the price fails to hold above this level and starts to break down).
Stop Loss:
For long position: $0.2900 (below the recent low).
For short position: $0.3150 (above recent highs).
Targets:
Target 1 (Long): $0.3200 (initial resistance).
Target 2 (Long): $0.3300 (towards the recent high).
Target 1 (Short): $0.2900 (towards the low end of recent price action).
Target 2 (Short): $0.2800 (if further bearish momentum develops).
Exit Strategy:
For long positions: Take partial profits around $0.3200 and $0.3300, with trailing stops to protect gains.
For short positions: Take profits at $0.2900 and $0.2800, or exit if the price shows signs of recovery above $0.3100.
Risk/Reward:
Risk: $0.010â$0.015 (depending on entry).
Reward: $0.015â$0.025 (profit targets).
Note: Watch the price around $0.3000â$0.3100 for key support and resistance levels. A break below $0.2900 could trigger further downside, while a push above $0.3200 may confirm the bullish bias.