#BIO $BIO
Trading Strategy
🔍 Market Snapshot
Price: $0.0872 (up +50.34%)
Recent High: $0.0947
Momentum Indicators:
RSI(6): 71.30 → Overbought
MACD: Positive, but showing slight weakening
Volume: Decreasing after a spike
Moving Averages:
MA(7): $0.0862 (price slightly above it)
MA(25): $0.0727 (far below, room to drop)
📉 Short Position Strategy
🔸 Entry Point:
Short Entry: Around $0.0875 – $0.0885 (as it shows consolidation just below the high and struggling to break higher)
If price moves toward $0.089 and gets rejected again, that’s confirmation.
🔸 Stop-Loss:
SL: $0.0950 (Above the recent wick high of $0.0947)
Gives room in case of a brief fakeout or stop hunt.
🔸 Take-Profit Targets:
TP1: $0.0820 (previous minor support)
TP2: $0.0775 (close to MA(25))
TP3: $0.0725 (full reversion to MA(25), strong support zone)
📊 Supporting Indicators
RSI > 70: Overbought → Pullback likely
MACD: Momentum slowing down
Volume: Decreasing → Buying pressure may be fading
Bearish Candles forming: Suggest reversal might be starting
🧠 Risk Management Tips:
Position Size Carefully: It’s a short-term chart (15m) so volatility is high.
Adjust SL to breakeven once TP1 is hit.
Avoid staying in the trade if BTC/ETH pumps (they can drag alts up).
