BIO is under heavy selling pressure after a failed rally, and the market is eyeing the next downside barrier. The 64% confidence rating reflects the confluence of multiple bearish signals.
🔴 $BIO SHORT 📉
Entry → $0.028751-$0.028809
Stop → $0.029643 (-3.0%)
TP1 → $0.028348 (+1.5%)
TP2 → $0.027341 (+5.0%)
R/R 1:1.7 • Confidence 64%
A CHoCH broke the prior swing high while CVD turned negative, confirming the directional shift. The price is trapped in a bearish FVG that overlaps an OB, creating a strong POI. A liquidity sweep cleared the remaining long orders, tightening the downside momentum.
A 3.0% stop is relatively tight for this trade, so use modest leverage around 2‑3x.
Consider taking half profit at the first target around a 1.7 R payoff.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$BIO #BIOUSDT #SMC #TradingSignals #Write2Earn
🔴 $BIO SHORT 📉
Entry → $0.028751-$0.028809
Stop → $0.029643 (-3.0%)
TP1 → $0.028348 (+1.5%)
TP2 → $0.027341 (+5.0%)
R/R 1:1.7 • Confidence 64%
A CHoCH broke the prior swing high while CVD turned negative, confirming the directional shift. The price is trapped in a bearish FVG that overlaps an OB, creating a strong POI. A liquidity sweep cleared the remaining long orders, tightening the downside momentum.
A 3.0% stop is relatively tight for this trade, so use modest leverage around 2‑3x.
Consider taking half profit at the first target around a 1.7 R payoff.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$BIO #BIOUSDT #SMC #TradingSignals #Write2Earn