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$BIO Update: Breakout Got Rejected, Now We Watch Support
$BIO tried to run. Shot up to 0.046 quick, then got slammed right back down. Classic fakeout wick.
Now the real question is whether this support zone holds.
Levels I’m watching:
Targets: 0.0428 → 0.0460 → 0.0495
Buy zone: 0.0385 – 0.0400 if it shows strength
Invalidation: Close below 0.0370
What I’m seeing:
That push to 0.046 got sold hard. Volume spiked then cooled off. We’re back at short-term support but still above the main trend. Momentum definitely took a hit though.
Game plan:
Hold above 0.038 and the next leg up is still on the table.
Lose 0.038 and we probably see a deeper pullback first.
Real strength isn’t the initial pump. It’s how price acts after.
Not financial advice. Just my read.
$BIO #USIranLongTermBlockade #FedApril4Dissents @OKX Orbit
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