$BIO /USDT BEARISH REVERSAL IN PLAY — SHORTS DOMINATE AFTER SUPPLY ZONE REJECTION
Price action on $BIO /USDT shows a clear rejection from the upper supply zone near 0.0740, followed by strong bearish candles indicating a momentum shift. The recent breakdown below minor support confirms seller strength, suggesting more downside potential in the short term.
Trade Setup:
Short Entry: 0.0691
Take Profit (TP): 0.0675
Stop Loss (SL): 0.0702
Market Outlook:
The current structure favors bears as price breaks down from a double-top zone with increased selling volume. If momentum sustains, the next key demand zone lies around 0.0650, making the setup favorable for short-term trades. Caution advised if price reclaims 0.0702 with volume.