【$BIO Signal】Pullback to Long! 1H Retracement Confirmation, Negative Fee Rate Short Squeeze Expectation Still Holds

$BIO The 1H timeframe experienced a 39% surge yesterday and is now entering a healthy correction. The price is initially supported above the 1H EMA20 (0.0301), and the 4H level has stabilized above EMA20 (0.0272), indicating an overall bullish trend. Key points to watch are: the negative fee rate is as high as -0.24%. If the price refuses to decline sharply, it could easily trigger a short squeeze and forced liquidations. Open interest remains stable, indicating that funds have not significantly withdrawn, which is a sign of strong adjustment.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0310 - 0.0313 (Reason: 1H EMA50 support zone + the low point of the previous 1H candlestick body)

🛑Stop Loss: 0.0300 (Reason: Breaking below the 1H EMA50 and yesterday’s breakout 4H platform high destroys the bullish structure)

🚀Target 1: 0.0335 (Reason: Previous high resistance level, also the area tested by yesterday’s upper shadow)

🚀Target 2: 0.0360 (Reason: Based on ATR-calculated 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: Significant rally within the day, extremely high volatility, risk control needed)

- Execution Strategy: After entering, if the price quickly rises to reach Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price hovers in the entry zone for more than 4 1H candles without moving upward, consider actively exiting.

Deep Logic: The order book shows buy orders accumulating in the 0.0314-0.0310 range (order book imbalance -2.96%), indicating potential support from major players. The 1H RSI has fallen back from overbought territory to around 70, providing room for another upward move. The core question is whether the short squeeze under the negative fee rate can continue. As long as the price does not break key support, a rebound is imminent.

View real-time market 👇 $BIO

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