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$BIO (1h) - Reversal Short
Bias: Short
Entry (Zone): 0.0570 - 0.0585
Targets:
TP1: 0.0545
TP2: 0.0515
TP3: 0.0485
Stop Loss: 0.0620
Why this Setup:
I see the recent impulse move stretching into exhaustion, and I want to fade the first signs of weakness after the spike. I’m looking for a pullback from the current range back toward prior support levels if sellers keep defending the highs.
#GateSquareMayTradingShare