🚀 Trading opportunity on currency $BIO 🚀
Current price: 0.0439$ 💵
🎯 Expected targets:
• First: 0.0465$
• Second: 0.0495$
• Third: 0.0522$🎯
🛑 Stop loss:
• Close of the hourly candle below 0.0415$
Currency $BIO represents a vital project in the field of decentralized science (DeSci). The price is currently testing a new bottom after significant selling pressure, and this type of drop is often followed by a technical rebound or the beginning of recovery if liquidity is maintained.
📊 Indicator readings:
• Averages: the price is far from the MA7 average, and the first target is to return to test this average.
• Momentum (RSI): has reached very low levels (oversold), which is a strong technical signal that the excessive selling is close to ending.
• MACD: the red bars have started to shorten, which is an initial sign of weakening bear strength in the market.
💡 Advice:
Since the volatility is high, do not enter with all your capital at one point. Distribute your entry between the current price and the 0.0425$ area to achieve an excellent average price.
⚠️ Warning:
This analysis is a personal opinion, not financial advice. The market involves risks, and the decision is yours.