【$BIO Signal】High-level selling pressure appears, waiting for a pullback to buy low

$BIO 1-hour MACD histogram contracts, sell orders clearly outnumber buy orders. The 4-hour Bollinger Band upper band touches and then pulls back, active trading at high levels, but buying support is noticeably weak.
🎯Direction: Watch (place buy orders on dips)
⚡Entry/Order: Place buy orders around 0.04519 on a pullback
🛑Stop loss: 0.03851
🚀Target 1: 0.05856
🚀Target 2: 0.06524
🛡️Trading management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move the stop loss up to the cost price. Do not chase higher before the order price is reached.
Price quickly pulls back after touching the 4-hour Bollinger Band upper band, with sell orders significantly stronger than buy orders. Active trading at high levels, but buying support is clearly weak, making this structure prone to forming a short-term top. Wait for a deep retracement to the previous accumulation zone before entering, for a more favorable risk-reward ratio.
Check real-time market 👇 $BIO
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