Sharp Rejection or Healthy Pullback....‼️
$BIO saw a strong breakout with heavy momentum, but the sharp rejection from the local high suggests short-term profit-taking. As long as support around 0.02350 holds, buyers still have a chance to push higher.
Entry: 0.02370 – 0.02390
Target 1: 0.02460
Target 2: 0.02520
Target 3: 0.02580
Stop Loss: 0.02320
Watch for confirmation before entering. A strong bounce from support favors continuation, while a break below the stop-loss level could lead to a deeper pullback.
$BIO saw a strong breakout with heavy momentum, but the sharp rejection from the local high suggests short-term profit-taking. As long as support around 0.02350 holds, buyers still have a chance to push higher.
Entry: 0.02370 – 0.02390
Target 1: 0.02460
Target 2: 0.02520
Target 3: 0.02580
Stop Loss: 0.02320
Watch for confirmation before entering. A strong bounce from support favors continuation, while a break below the stop-loss level could lead to a deeper pullback.