To be honest, I’ve been watching this rebound at $BIO the whole time—it’s clearly started to grind at this level. The supply zone above was originally heavily guarded by the shorts. Now that the price has gone up, the buying pressure has become weaker and weaker, and the trading volume is also shrinking. I think this is a classic signal of a failed second test. Since the bulls can’t push further from here, I’ll definitely choose to place a short position here.
The liquidity below has already been gathered. Once that level breaks, it will most likely accelerate. No need to wait for any more confirmation—enter at this point, and the risk-reward ratio feels very comfortable.
🔴 Trading direction: Short
📍 Entry range: 0.0258 – 0.0266
🛑 Stop loss: 0.0283
🎯 Take profit 1: 0.0249
🎯 Take profit 2: 0.0237
🎯 Take profit 3: 0.0224
#BIO
Click below to trade👇👇👇
The liquidity below has already been gathered. Once that level breaks, it will most likely accelerate. No need to wait for any more confirmation—enter at this point, and the risk-reward ratio feels very comfortable.
🔴 Trading direction: Short
📍 Entry range: 0.0258 – 0.0266
🛑 Stop loss: 0.0283
🎯 Take profit 1: 0.0249
🎯 Take profit 2: 0.0237
🎯 Take profit 3: 0.0224
#BIO
Click below to trade👇👇👇