$BIO Short Setup: Hunting the Long Squeeze
$BIO is setting up for a massive, violent flush. When there is this much leverage built up on one side of the market, it acts like a magnet for smart money. Right now, the chart is extremely heavy.
Here is the exact trading plan to capitalize on the incoming liquidation cascade:
Entry Zone: $0.0310 – $0.0325
Take Profit 1 (TP1): $0.0295
Take Profit 2 (TP2): $0.0280
Take Profit 3 (TP3): $0.0270 (The main liquidity pool)
Stop Loss (SL): $0.0355
The Logic: There are over 20 million highly leveraged long positions sitting right below us. Market makers are currently distributing at these highs, waiting to pull the rug and hunt that liquidity. Once the flush starts, the forced selling from those liquidated longs will drastically accelerate the drop. Add in the recent MACD death cross, and the downside continuation is our highest probability play. Play the fade. 📉
#BIO #BIOShort #CryptoTrading #TradeSetup #BinanceSquare
