Timeframe: Higher Timeframe (Weekly Resistance)
Directional Bias: 🔻 Bearish
$BIO just printed a powerful impulsive move straight into a major overhead supply zone. Price is now approaching a key resistance area between 0.0345 – 0.0350, a level that previously triggered a strong breakdown.
This is a high-probability reaction zone.
If price taps into this area and shows clear rejection (long upper wicks, bearish engulfing, momentum slowdown), we could see a corrective pullback unfold.
📍 Trade Plan
🔹 Entry Zone: 0.0330 – 0.0345
🔹 Stop-Loss: 0.0365 (invalidation level)
🎯 Target
TP1: 0.0285
TP2: 0.0250
TP3: 0.0215
⚠️ A strong break and close above 0.0365 invalidates the bearish setup.
Weekly supply zones often produce sharp reactions — patience and confirmation are key.
Stay disciplined. Wait for confirmation. Execute with precision.