【$BIO Signal】First deep retracement after a sharp rise, setting up for a second surge

$BIO 1H level rally then pullback, RSI soared to 82 then quickly cooled to 71, 4H Bollinger upper band at 0.0385 has been significantly broken. Buying pressure shows a gap around 0.046, the latest one-hour candlestick closes with a long upper shadow. MACD one-hour histogram begins to contract, while the 4H level still expands, increasing bullish-bearish divergence.

Price retraced over 15% from the high of 0.0479, current price around 0.0415 with bulls and bears fighting. The 4H EMA50 at 0.0214 is far from the current price, indicating a clear need for a pullback. Negative funding rate at -0.06% but open interest remains stable, indicating bears haven't retreated significantly. In this environment, chasing high is not a favorable risk-reward.

🎯Direction: Pullback to buy (place orders)

⚡Entry/Order placement: Place buy orders in the 0.02565 - 0.04133 range, focusing on whether funds can support around 0.028-0.032.

🛑Stop loss: 0.02129

🚀Target 1: 0.03437

🚀Target 2: 0.03873

🛡️Trade management: - Execute strategy: If price hits 0.03437, reduce half of the position and move the remaining stop loss up to the entry price. If after placing the order the price directly falls below 0.02129, abandon this sniper attempt and wait for a clearer structure.

Market depth shows buy orders account for 9.05%, but the buy-sell ratio of 1.2 is not extreme. This first deep retracement after a sharp rise is often the last entry point before a second surge, with the key being confirmation of support strength. The 1H EMA50 at 0.0273 resonates with the 4H EMA20; watch the order thickness in that zone closely.

Check real-time market 👇 $BIO
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #加密市场回升 #美伊局势和谈与增兵博弈