BIO currently quotes at 0.04653, down 6.90%, with a clear bearish technical outlook. On the 15-minute chart, it has been in a continuous downtrend for 64 candles, with the price tightly hugging the downward trendline, indicating strong resistance.
Regarding key levels, 0.04657 serves as an important dynamic resistance and also as a reference point for stop-losses during rebounds. Support below is at 0.04541 (previous low), which is a critical area for continued bearish pressure. Looking upward, resistance levels are sequentially at 0.04842, 0.04887, and 0.04939.
From a trading strategy perspective, caution is advised regarding rebound opportunities. Under the trendline resistance, each rebound could be an entry point for short positions, provided there is no effective breakout. The MACD indicator shows that bullish momentum is clearly waning, which is a warning sign. Close attention should be paid to whether the price will retest the previous low of 0.04541, especially if it breaks below this level, as the risk will further escalate. Overall, short-term vigilance remains necessary.
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StablecoinGuardian
· 19h ago
Another downward candlestick after another, BIO this wave is really intense. 64 consecutive bearish candles stacked up, this rhythm feels off.
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FallingLeaf
· 01-08 02:51
64 candlesticks have dropped, how brutal... A rebound is an opportunity to short, MACD is dead, being cautious is the right move.
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MemeKingNFT
· 01-08 02:51
64 candlesticks pressing on the trend line, this rhythm... feels a bit like the rise and fall of the mainland. Every rebound is a position to cut the leeks. I've seen through it.
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pumpamentalist
· 01-08 02:50
The 64 candlesticks are still falling, this pace is a bit fierce... Looks like I have to wait until it breaks completely before taking action.
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LayerZeroEnjoyer
· 01-08 02:40
BIO really can't hold up this time, 64 candlesticks dropping down, not even daring to catch the rebound... MACD has no momentum left, it feels like it will continue to test the bottom.
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CoffeeNFTrader
· 01-08 02:34
64 candlesticks kept falling, this BIO is really greedy, smashing on rebounds. Want to try again?
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ForkThisDAO
· 01-08 02:29
None of the 64 candlesticks have turned around, this BIO still has to keep kneeling, as expected, rebounds are just pits dug by the bears.
BIO currently quotes at 0.04653, down 6.90%, with a clear bearish technical outlook. On the 15-minute chart, it has been in a continuous downtrend for 64 candles, with the price tightly hugging the downward trendline, indicating strong resistance.
Regarding key levels, 0.04657 serves as an important dynamic resistance and also as a reference point for stop-losses during rebounds. Support below is at 0.04541 (previous low), which is a critical area for continued bearish pressure. Looking upward, resistance levels are sequentially at 0.04842, 0.04887, and 0.04939.
From a trading strategy perspective, caution is advised regarding rebound opportunities. Under the trendline resistance, each rebound could be an entry point for short positions, provided there is no effective breakout. The MACD indicator shows that bullish momentum is clearly waning, which is a warning sign. Close attention should be paid to whether the price will retest the previous low of 0.04541, especially if it breaks below this level, as the risk will further escalate. Overall, short-term vigilance remains necessary.