$BIO is trading around 0.0240, down roughly 7% on the day, after rejecting the 0.0265 area (24h high). The chart shows a steady intraday downtrend with lower highs and a fresh sweep of the 0.0237 low.
On lower timeframes, selling pressure is slowing near support, but momentum is still tilted to the downside unless buyers reclaim 0.0246–0.0250.
Trade Setup (Short-Term Scalping Idea)
Bullish Reclaim Scenario
• Entry Zone: 0.0241 – 0.0243 (after strong 15m close above 0.0246)
• Target 1 🎯: 0.0249
• Target 2 🎯: 0.0255
• Target 3 🎯: 0.0265
• Stop Loss: 0.0236
If 0.0246 breaks with expanding volume, we could see a quick squeeze toward the 0.0255 liquidity pocket.
Bearish Continuation Scenario
• Entry Zone: Breakdown below 0.0236
• Target 1 🎯: 0.0232
• Target 2 🎯: 0.0228
• Stop Loss: 0.0243
Failure to hold 0.0237 opens the door for another leg down as structure remains bearish on intraday frames.
Key Levels to Watch
Resistance: 0.0246 / 0.0255 / 0.0265
Support: 0.0237 / 0.0232
Right now, this is a momentum battle at support. The next strong candle with volume will likely define direction. Manage risk tightly — volatility is elevated.
#PEPEBrokeThroughDowntrendLine #USTechFundFlows
