📢 $BIO / $USDT | 🔴 SHORT | ⭐ 77.4%
🎯 Target: $0.02722. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02797
🛑 Stop Loss: $0.02842
🏁 TP1: $0.02722
🏁 TP2: $0.02707
🏁 TP3: $0.02677
📉 Analysis:
The structure of $BIO shows a complete bearish alignment across all timeframes, supported by an ADX of 46.22 confirming a strong trend. Price is trading below the 20, 50, and 200 EMAs, while the MACD shows a bearish crossover and the RSI at 35.5 indicates active selling momentum with no signs of extreme oversold conditions. Despite reversal patterns on smaller timeframes, volume shows sell-side absorption and an OBV (On-Balance Volume) that is declining, confirming that bearish pressure dominates the market.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 5/5
The invalidation level is strictly set at the stop loss, protecting the position in case the current support breakdown fails. The bearish thesis remains valid as long as price does not manage to consolidate above the key resistance, closely monitoring order flow at the $0.02715 support.
Do you think the sell absorption will be enough to break the main support at $0.02715?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #BIO #trading #Futures #Bearish
🎯 Target: $0.02722. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02797
🛑 Stop Loss: $0.02842
🏁 TP1: $0.02722
🏁 TP2: $0.02707
🏁 TP3: $0.02677
📉 Analysis:
The structure of $BIO shows a complete bearish alignment across all timeframes, supported by an ADX of 46.22 confirming a strong trend. Price is trading below the 20, 50, and 200 EMAs, while the MACD shows a bearish crossover and the RSI at 35.5 indicates active selling momentum with no signs of extreme oversold conditions. Despite reversal patterns on smaller timeframes, volume shows sell-side absorption and an OBV (On-Balance Volume) that is declining, confirming that bearish pressure dominates the market.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 5/5
The invalidation level is strictly set at the stop loss, protecting the position in case the current support breakdown fails. The bearish thesis remains valid as long as price does not manage to consolidate above the key resistance, closely monitoring order flow at the $0.02715 support.
Do you think the sell absorption will be enough to break the main support at $0.02715?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #BIO #trading #Futures #Bearish
