$BIO Weak Structure Breakdown—The Floor is Giving Way!
The "technical bounce" has officially run out of steam. $BIO is showing a classic "Weak Structure Breakdown" after failing to reclaim its 20-day EMA. With selling pressure mounting and institutional capital rotating back into safety, BIO looks ready to test its recent historical lows.
🔍 Why the Bears are in Control:
Failed Recovery: Despite a brief attempt to stabilize, $BIO is consistently printing lower highs on the 4H timeframe. The $0.0310 – $0.0320 zone has shifted from support to a heavy supply ceiling.
Bearish Divergence: While the price fluctuated, the RSI showed a clear bearish divergence, indicating that the recent "upticks" were nothing more than exit liquidity for whales.
Market Sentiment: The "Extreme Fear" environment is punishing assets with weak volume support. A break below $0.0270 could trigger a cascade of liquidations toward the $0.0200 psychological floor.
📉 The Trade Plan (Short):
Entry Zone: 0.0280 – 0.0292 (Focus on entries on any weak 15m relief rallies)
Stop Loss (SL): 0.0312 🛡️ (Safety above the recent rejection wick)
🎯 Take-Profit Targets:
Target 1: 0.0265 (Securing Initial Gains)
Target 2: 0.0240 (Key Structural Support)
Target 3: 0.0220 (Testing Recent Lows)
Target 4: 0.0205 (Major Liquidity Grab) 🚀
💡 Pro Trader Tip: In "Extreme Fear" markets, volatility is your best friend and worst enemy. Once Target 1 is hit, move your SL to entry. If we lose the $0.0234 support level, the move to Target 4 could happen in a single 4H candle.
#BIO #TrumpNewTariffs #WriteToEarnUpgrade #HarvardAddsETHExposure