$BIO There has just been a strong parabolic rally, but a clear rejection signal has appeared at the top. After a rapid surge in a short period, the price quickly sold off, indicating increasing profit-taking pressure and weakening buying momentum.


Currently, the short-term structure leans toward a correction scenario as the upward momentum can no longer be sustained as before. If selling pressure continues to dominate, the price may enter a deeper decline to find a new equilibrium zone.
📈Trading Strategy (Short):
⟶ Entry zone: 0.0395 – 0.0410
⛔Stop Loss: 0.0445
• Take Profit 1: 0.0360
• Take Profit 2: 0.0330
• Take Profit 3: 0.0300
After a steep rally, a correction is completely normal. Traders should prioritize strict capital management and avoid chasing the price during weak rebounds. If the price continues to be rejected at the nearest resistance zone, the likelihood of extending the decline toward lower TP levels is quite high.
BIO30.5%
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