$BIO is bouncing… but not breaking anything.
Price pushed into 0.0296–0.0308, yet there’s no real expansion behind it. Candles lack drive. Follow-through is weak. Every small rally is meeting supply.
That’s not trend reversal.
That’s distribution inside resistance.
Structure hasn’t flipped. Higher timeframe bias still leans heavy. Lower highs remain intact, and buyers haven’t shown commitment above this zone.
This looks more like a relief bounce than real accumulation.
📊 Short $BIO (Futures)
• Entry: 0.0296 – 0.0308
• TP1: 0.0278
• TP2: 0.0260
• TP3: 0.0242
• SL: 0.0322
As long as 0.0322 stays untouched and price keeps stalling near the highs, downside liquidity becomes the magnet. A break below 0.0278 likely accelerates toward deeper levels.
Weak bounces don’t last.
Supply usually wins.
Trade $BIO here 👇
