📢 $BIO / $USDT | 🔴 SHORT | ⭐ 67.1%
🎯 Objective: $0.02574. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02612
🛑 Stop Loss: $0.02632
🏁 TP1: $0.02574
🏁 TP2: $0.02552
📉 Analysis:
The structure of $BIO shows a fully bearish alignment across all timeframes, with a technical confluence of 5/5 that supports the selling bias. The ADX at 25.75 confirms a bearish trend with sufficient strength, while the MACD in a bearish crossover and the OBV (on-balance volume) declining validate the absorption of selling activity below the POC (point of control of highest volume) located at $0.029231.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 5/5
The thesis is invalidated if price breaks upward above $0.02632, canceling the current bearish momentum. We will monitor the sustained break of the immediate support at $0.02597, since confirmation with increased selling volume would validate continuation of the move toward the proposed targets.
Do you think the $0.02597 level will act as a relevant support, or will we see a direct break?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #BIO #trading #Futures #Bearish
🎯 Objective: $0.02574. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02612
🛑 Stop Loss: $0.02632
🏁 TP1: $0.02574
🏁 TP2: $0.02552
📉 Analysis:
The structure of $BIO shows a fully bearish alignment across all timeframes, with a technical confluence of 5/5 that supports the selling bias. The ADX at 25.75 confirms a bearish trend with sufficient strength, while the MACD in a bearish crossover and the OBV (on-balance volume) declining validate the absorption of selling activity below the POC (point of control of highest volume) located at $0.029231.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 5/5
The thesis is invalidated if price breaks upward above $0.02632, canceling the current bearish momentum. We will monitor the sustained break of the immediate support at $0.02597, since confirmation with increased selling volume would validate continuation of the move toward the proposed targets.
Do you think the $0.02597 level will act as a relevant support, or will we see a direct break?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #BIO #trading #Futures #Bearish
