$BIO
$BIOUSDT$ is trading around $0.03031 after printing a strong intraday high at $0.03395 and a sharp liquidity sweep down to $0.02932. The structure shows clear volatility expansion followed by aggressive rejection on both sides. The spike to $0.03395 was quickly sold, confirming heavy supply above $0.03300.
After the rejection, price formed consecutive lower highs and expanded downward into $0.02932, where sell pressure stalled and buyers stepped in. The bounce from $0.02932 is reactive, not yet structural. Until $0.03130–$0.03180 is reclaimed with strength, this remains a corrective bounce inside a short-term bearish structure.
Immediate resistance sits at $0.03113 and $0.03214. Major supply remains at $0.03395. Support is clearly defined at $0.02932. If that level breaks, downside liquidity opens toward $0.02780.
The current structure favors bearish continuation unless buyers reclaim the mid-range decisively.
EP (Entry Price): $0.03080 – $0.03120
TP1: $0.02932
TP2: $0.02780
TP3: $0.02650
SL: $0.03240
Trend strength has shifted bearish on the lower timeframe with lower highs forming after the $0.03395 rejection.
Momentum shows stronger downside expansions compared to upside bounces, indicating sellers are still in control.
Liquidity rests below $0.02932, and failure to reclaim $0.03180 increases the probability of continuation toward lower targets.
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