Is the shipment about to be cut in half at dawn? Is it still possible to buy $BIO now?


First, let me analyze why BIO has shown a stepwise increase in the past two days; only by understanding the reasons for the rise can we be more confident in shorting.
It's very simple: the reason for the rise in the past two days is that project teams are using staking and new issuance news to hype and push the price up; the principle is that staking BIO can earn corresponding tokens, which reduces BIO's circulating supply, causing the token to increase in value, effectively benefiting.
Currently, BIO has been consolidating at a high level for some time, and about 80 million BIO tokens, worth approximately $5.15 million, have been transferred to exchanges. Once a significant decline occurs, it will likely trigger a chain reaction, market panic selling, and cause BIO to crash.
The strongest resistance level above is at 0.066, with a double top on the hourly chart; this position has not been broken through, so at dawn, it looks like a cut in half!
BIO14.34%
ETH2.17%
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