$BIO extending its downside move with strong bearish momentum, showing clear continuation pressure in the market structure.


Short $BIO
Entry: 0.0490 – 0.0500
Stop Loss: 0.0570
Take Profit 1: 0.0450
Take Profit 2: 0.0430
Take Profit 3: 0.0410
Market Outlook:
Price action continues to form a sequence of lower highs and lower lows after a strong rejection from the 0.066 resistance zone. The ongoing decline is also accompanied by weakening volume, signaling reduced buyer participation and lack of strength to reverse the trend.
Unless $BIO quickly reclaims the 0.052 level with strong momentum, further downside continuation remains the higher-probability scenario. DYOR
BIOUSDT
Perp
0.04801
BIO-5.44%
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