$BIO up big today.
Cool.
But zoom out.
Still buried under the 2025 high.
Still in a long-term downtrend.
Still miles away from reclaiming structure.
A 60% bounce feels massive —
until you remember what it takes to recover from deep drawdowns.
Down 50%? You need 2×.
Down 80%? You need 5×.
Down 90%? You need 10×.
That’s not bullish.
That’s math.
One green candle doesn’t rebuild broken market structure.
It just resets the RSI.
Trend > emotion.
Structure > headlines.
ENSO
1.956
+3.00%