$BIO is showing a strong impulsive move after building a steady intraday base, followed by a sharp liquidity sweep to the downside and immediate recovery. The long lower wick indicates aggressive absorption of sell pressure, suggesting buyers are defending the 0.0242–0.0244 demand zone. Price is now consolidating above support, preparing for a potential continuation push toward the recent highs near 0.0260.

Trade Setup:

Long Entry: 0.0246 – 0.0249

TP1: 0.0254

TP2: 0.0258

TP3: 0.0262

SL: 0.0241

Short Outlook:

If price loses 0.0241 with strong volume, the structure turns weak and a deeper pullback toward 0.0238 could follow. Holding above support keeps momentum in favor of buyers.