$BIO — LONG 🚀 Breakout Momentum Continuation
Entry: 0.02650 – 0.02720
TP: 0.02950 / 0.03200 / 0.03500 🎯
SL: 0.02350
📊 Technical Breakdown
#BIO has delivered a clean breakout above its prior resistance zone with a strong expansion candle, confirming aggressive buyer participation. The breakout wasn’t a weak wick-through — it closed firmly above resistance, which increases the probability of continuation rather than a fake-out.
The market structure is now shifting from consolidation into higher highs and higher lows on the short-term timeframe. Volume expansion during the breakout suggests real demand, not just low-liquidity movement. As long as price holds above the 0.0260–0.0265 flipped support zone, bulls maintain control.
🔎 What to Watch
A healthy retest of the breakout zone (0.0265 area) with declining sell volume = continuation setup
Strong follow-through candle above 0.0295 opens path to 0.0320
Momentum acceleration above 0.0320 could trigger squeeze toward 0.0350
⚠️ Risk Management
If price loses 0.0260 with strong selling pressure, breakout structure weakens. Hard invalidation sits at 0.02350.
Breakout + volume alignment favors upside continuation — manage position size and let momentum work.