【$BIO Signal】Short squeeze rebound, long positions hidden

$BIO 1H level surge with heavy volume pullback, 4H MACD bullish crossover upward, 1H RSI peaks at 73 then drops back to 62, buying interest remains strong. Market depth shows sell pressure -9.79%, but the price finds support around 0.0338, quickly digesting selling pressure. Negative fee rate -0.4135% combined with firm price indicates a typical short squeeze structure, with bears on the defensive.

🎯Direction: Long

⚡Entry/Order placement: within the 0.02956 - 0.03368 range, current price around 0.0338 can enter directly, or wait for a dip to around 0.0315 for a second position increase.

🛑Stop loss: 0.02806

🚀Target 1: 0.03256

🚀Target 2: 0.03406

🛡️Trade management:
- Execution strategy: halve the position after the price reaches 0.03256, move the remaining stop loss up to the entry price. If the price fails to stay above 0.033 and drops below 0.032 again, consider exiting all positions.

The 1H Bollinger Bands are widening significantly, with the price above the middle band, EMA20 and EMA50 forming a bullish alignment on both 1H and 4H timeframes. Volume surges during the rally, showing clear signs of capital inflow. Although market depth is temporarily imbalanced, in a negative fee rate environment, short positions have high costs, and any minor pullback could trigger short covering, further pushing up the price. The risk-reward ratio at this level is favorable, with manageable risk.

View real-time market 👇 $BIO
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