$BIO /USDT BEARS ARE FULLY IN CONTROL – MORE DOWNSIDE AHEAD!
$BIO /USDT is showing strong bearish momentum after a clean breakdown from the previous support zone (highlighted in blue). Price attempted a minor retest but got rejected, confirming further weakness. The strong sell-off with increased volume supports the probability of continued downside movement in the short term.
Trade Setup:
Short Entry: 0.0545
Take Profit (TP): 0.0529
Stop Loss (SL): 0.0551
Market Outlook:
The immediate trend remains bearish as selling pressure continues to dominate. The breakdown and rejection at resistance hint at no strong buying interest yet. A cautious approach is advised, with tight risk management to protect against sudden wicks or reversals.
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