【$BIO Signal】Pullback to Long! 1H Strong Consolidation, Negative Funding Rate Still Expected to Trigger Short Squeeze

$BIO The 1H timeframe has been in a strong consolidation after a massive surge yesterday. The price remains tightly above the EMA20( on the 1H chart, refusing to undergo a deep correction, which is a sign of strength. A single massive bullish candle on the 4H chart confirms a reversal, and the current candle is a high-level doji, indicating a continuation pattern. The key point is: the negative funding rate is as high as -0.19%, while open interest remains stable, and the price is holding firm. This creates a classic short squeeze environment, with short positions facing huge cost pressures.

🎯Direction: Long )Long(

🎯Entry/Order: 0.0315 - 0.0318 )Reason: Dynamic support zone of EMA20 on the 1H chart and the low point of the previous hour’s candle body(

🛑Stop Loss: 0.0300 )Reason: Break below the first retracement low after yesterday’s breakout at 0.0295, structure is compromised(

🚀Target 1: 0.0340 )Reason: Previous high resistance zone and psychological level at an integer(

🚀Target 2: 0.0365 )Reason: Based on the recent upward wave height’s 1.618 Fibonacci extension level(

🛡️Trade Management:

- Position Size Suggestion: Light )Reason: Intraday gains have exceeded 44%, volatility is extremely high, risk is amplified(

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 0.0318. If the price quickly surges to around 0.0345 and shows signs of stagnation, consider taking full profit.

Deep Logic: The order book shows unusually thick buy orders in the 0.0319-0.0320 range, indicating main force is supporting the price. Although the 1H RSI is at a high of 77, in a strong short squeeze environment, overbought conditions can persist. The core driver is the negative funding rate—shorts are paying continuously, and any small rally could trigger a chain of stop-losses. Market logic suggests “price rising, consider position size,” with stable open interest and sideways price action, indicating accumulation by the main force rather than distribution, waiting for the next wave of momentum.

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