【$BIO Signal】1H level overbought pullback, betting on a second surge

$BIO 1H level RSI soared to 82, price broke above the Bollinger upper band then pulled back. 4H MACD histogram is still expanding, but buying depth is imbalanced at -2.92%, selling pressure begins to emerge above.

Price is fluctuating around 0.0301, bullish momentum is waning. Do not chase the high here, wait for a decent pullback.

⚡Order: Buy near the lower boundary of the 0.0216 - 0.0299 correction zone.

🛑Stop loss: 0.0195

🚀Target 1: 0.0259

🚀Target 2: 0.0281

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

After volume breakout on the 4H level, price consolidates near previous highs. Negative funding rate of -0.1649% indicates a risk of short squeeze, but the extreme overbought condition on the 1H level needs to be released. This risk-reward ratio is worth placing limit orders to catch a pullback, betting on the continuation of the bullish trend.

Check real-time market 👇 $BIO
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