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

$BIO 1H timeframe with explosive volume surge followed by retracement, 4H MACD bullish crossover upward, 1H RSI peaks at 73 then drops back to 62, buying interest still active. Market depth shows sell pressure -9.79%, but price finds support around 0.0338, selling pressure quickly absorbed. Negative funding rate -0.4135% combined with firm price action, a typical short squeeze structure, bears are passive.

🎯Direction : Long

⚡Entry/Order placement : Within 0.02956 - 0.03368 range, current price around 0.0338 can enter directly, or wait for retracement near 0.0315 to add positions second time.

🛑Stop loss : 0.02806

🚀Target 1 : 0.03256

🚀Target 2 : 0.03406

🛡️Trade management :
- Execution strategy : Halve position after price reaches 0.03256, move remaining stop loss up to entry price. If price cannot hold above 0.033 and falls below 0.032 again, consider exiting all positions.

1H Bollinger Bands show significant widening, price above middle band, EMA20 and EMA50 form bullish alignment on both 1H and 4H levels. Volume surges during rally, clear signs of capital inflow. Although market depth is temporarily imbalanced, in a negative funding rate environment, short positions have high holding costs, small retracements may trigger short covering, further pushing up price. The risk-reward ratio here is favorable, risk is manageable.

View real-time market 👇 $BIO
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