$BIO / USDT – Longs Flushed After Momentum Fades
$BIO experienced a long liquidation of $3.2548K at $0.051, showing that bullish traders were unable to sustain price after a recent push. Once momentum stalled, leveraged longs were forced out, adding downside pressure. This type of liquidation often signals a short-term reset rather than a full trend reversal.
Potential Entry Zone:
$0.0498 – $0.0508
Downside Targets:
• Target 1: $0.0485
• Target 2: $0.0468
• Extended Target: $0.0445
Protective Zone:
Stop-Loss: $0.0528
A reclaim above this level would suggest stabilization.
Market Bias: Short-Term Bearish
Sellers have the advantage while price trades below resistance.
BIO
--
--