Analysis of potential trading opportunities of BIO: The current short-term short structure is emerging, and the key price area is around US$0.54
Currently, the market price of BIO is fluctuating around USD 0.54, just in the critical support/resistance intersection area. From a technical perspective, this point is a potential short-selling entry area and has an ideal risk-return ratio.
🔻 Trading strategy: short position (market order short)
Entry Point: About USD 0.54 (close to current price)
Stop loss settings: USD 0.60 (strictly control risk, approximately 11%)
Target: USD 0.48 (corresponding to previous support, downward potential is about 11%)
Expected risk-reward ratio: approximately 1:1, dynamic adjustments can be made according to market momentum in the future
📉 Technical interpretation:
Moving average structure: In the 1-hour chart, the BIO is currently below the 20-period moving average, and the short-term is at the bear-dominated rhythm.
Key range: USD 0.54 is an important relay position. Once it falls below USD 0.52, it may trigger a further decline to the previous low of USD 0.48.
Momentum indicator: RSI is located around 45 and has not yet entered the oversold area, leaving a certain downward space.
Overall, this setting is suitable for short-term traders to try trend-continued short opportunities, and it needs to be implemented in accordance with strict risk control discipline.
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