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BIO is currently facing a sharp correction!
After hitting a peak of $0.03972, the price has dropped 13.5%, currently sitting at $0.03379. The 15m chart shows heavy sell pressure as it retests the $0.033 support floor. While the $32.11M turnover shows active trading, the bulls need to step in quickly to prevent a breakdown toward the $0.030 zone.
📍 Entry: $0.0310 – $0.0325 (Wait for support confirmation)
🎯 Targets: $0.0375, $0.0395, $0.0420
🛡️ SL: $0.0295
Patience is required here; wait for the downward momentum to exhaust before looking for a reversal.
#GatePreIPOsLaunchesWithSpaceX