$BIO /USDT: Bullish Flight After Break of Structure🔐🔑👇
Current Price: $0.0778
Timeframe Used: 1H & 1D
Trend: Bullish Momentum
Chart Pattern & Formed Candle:📊
1H: Strong breakout candle with high volume, followed by retracement and consolidation above BOS (Break of Structure).
1D: Clear bullish structure with continuous green candles forming higher highs, approaching 0.0871 resistance.
Why Bullish🤔🔥
$BIO Price has broken above previous resistance (BOS zone), indicating strength in buying pressure.
Sustained close above EMA levels and consolidation above the breakout confirms trend continuation.
Stochastic RSI reset in oversold territory signals possible next leg up.
Key Levels to Watch:🔑👇
Support Zone: $0.0714 – $0.0741
Resistance Zone: $0.0871 and then $0.1000 psychological barrier
Trend Reversal Zone: Below $0.0674 (EMA cluster)
Best Strategy Plan:🧑🏫
Buy on Retracement: Entry near $0.074–$0.075 with SL at $0.071✅
Scalp Target: $0.085🎯
Swing Target: $0.100+🎯
Confirmation: Wait for bullish engulfing candle or bounce on retest of support
Takeaway:🧑💻
$BIO has shown a strong breakout from its downtrend and is building bullish strength. Patience on retracement entry could provide a solid R:R swing trade setup.
👨❤️👨 “Trend is your friend, until it bends — let price retest to prove its intent.”
Disclaimer: ⚠️
This post is for educational purposes only. Always DYOR before investing.