I invested 20 dollars to try, now I have 1.65, a piece of junk, it has been declining since it came out and to recover the losses will take a century.

$BIO /USDT Trading Analysis & Signal

The $BIO /USDT pair is currently trading at $0.1225, showing a slight +2.51% increase in the last 24 hours. The price has been consolidating after a sharp decline from its all-time high of $1.4770, forming a potential accumulation zone. The 24-hour high stands at $0.1323, while the 24-hour low is $0.1145, indicating a narrow trading range with potential breakout opportunities.

From a technical perspective, the 7-day EMA (Exponential Moving Average) at $0.1205 is slightly below the current price, suggesting short-term support, while the 25-day EMA at $0.1543 acts as a strong resistance. If BIO/USDT breaks above $0.1323, it could trigger bullish momentum toward the $0.1540 resistance level. However, if the price fails to sustain above $0.1200, further downside to $0.1145 or lower is possible.

Trade Signal:

Entry Zone: $0.1200 – $0.1250

Target 1: $0.1320

Target 2: $0.1540

Stop Loss: $0.1140

Trading Strategy: A breakout above $0.1323 with strong volume could lead to a bullish run, making it a good buying opportunity. However, traders should maintain a tight stop-loss at $0.1140 to manage risk effectively. A rejection from the resistance could present a shorting opportunity for aggressive traders.

Stay updated with market trends and adjust strategies accordingly. Always trade with proper risk management!#SHELLAirdropOnBinance #MemesNotSecurity #BinanceAlphaAlert #BinanceLaunchpoolRED #Write2Earn!
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