【$BIO Signal】Short squeeze rebound, sniper for a second surge

$BIO 1H level RSI skyrocketed to 91.62, buying pressure extremely crowded. The upper band of the 4H Bollinger Bands was violently broken through, price has already moved above 0.0383, and MACD double cycle shows bullish divergence. But funding rate is -0.1065%, short positions are being continuously squeezed, a typical short squeeze structure. Market depth imbalance is -17.87%, sell orders are thin, any pullback could be quickly bought back.

Price repeatedly tests around 0.03924, here you can directly try a light long position.

⚡Entry: 0.03924

🛑Stop loss: 0.02030

🚀Target 1: 0.02944

🚀Target 2: 0.03249

🛡️Trade management: - Execute strategy: reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.

This extreme negative funding rate combined with strong sideways price action still has plenty of fuel for short covering. The 1-hour trading volume did not significantly shrink after the surge, indicating sufficient turnover. Although the RSI at high levels increases the risk of stagnation, as long as the short squeeze logic remains intact, it’s safer to follow the trend than guess the top. The broad range from 0.02335 to 0.03924 provides clear points for pullback and long entry, with a clear risk-reward ratio.

Check real-time market 👇 $BIO
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