$BIO Short Setup: Fading the Insider Dump
If you are holding $BIO longs right now, you need to look at the fundamentals immediately. This is playing out like a textbook post-listing dump, and the insiders are cashing out on your liquidity.
Here is the trading plan to short this collapse:
Entry Zone (CMP): $0.0290 – $0.0300
Take Profit 1 (TP1): $0.0250
Take Profit 2 (TP2): $0.0210
Take Profit 3 (TP3): $0.0150 (Price discovery down)
Stop Loss (SL): $0.0335
The Logic: The technicals are weak, but the fundamentals are catastrophic. Reports are indicating that core shareholders and internal personnel are secretly dumping their holdings. The airdrop pre-sale hype was purely manufactured to create exit liquidity. When a project team goes silent and insiders sell, the only direction is down. Short the market price and ride the bleed. 📉
#BIO #BIOShort #CryptoTrading #TradeSetup #BinanceSquare
