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【$BIO Signal】Short squeeze pullback, sniper second pulse
$BIO After a rally on the 1H timeframe, a pullback occurs, with the 4H Bollinger upper band at 0.0287 forming resistance, current price at 0.028. RSI surges to 90.52, in an extremely overbought zone, but funding rate is -0.1669%, indicating very high short holding costs, a classic short squeeze structure. The MACD on the 1H remains expanding, but buying depth is unbalanced at -10.87%, with selling pressure starting to accumulate above.
This negative funding rate combined with firm prices continues to squeeze shorts. Once a pullback finds support, it can easily trigger a second pulse.
🎯Direction: Pullback to go long
⚡Entry/Order: Between 0.021 and 0.028, focus on the 1H chart EMA20 support near 0.025; enter when a bottoming candle appears.
🛑Stop loss: 0.019
🚀Target 1: 0.028
🚀Target 2: 0.028
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
Order book shows sell walls above 0.028, but the negative funding rate indicates shorts are still struggling to hold. The 1H volume shrank after the rally, indicating healthy turnover. The 4H MACD has a golden cross with bars lengthening, showing medium-term momentum is intact. This position is a battle over liquidity driven by short stop-loss orders, with a decent risk-reward ratio, but strict defense is necessary.
Check real-time quotes 👇 $BIO
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