【$BIO Signal】Pullback to Long + Short Squeeze Logic, Strong Consolidation at 1H Level

$BIO At the 1H level, after a violent 38% surge, the price is entering a strong consolidation at high levels. Currently trading sideways around 0.0316, the 1H RSI(84) is in overbought territory but refuses to undergo a deep correction. The 4H level has confirmed a breakout of the long-term downtrend line, establishing a trend reversal. The key point is: the funding rate is as high as -0.888%, open interest (OI) remains stable, yet the price is unusually resilient. This is a typical short squeeze structure, with shorts paying high costs. Any technical pullback could trigger a secondary rally as shorts cover.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0310 - 0.0313 (Reason: 1H EMA20 dynamic support zone + dense area of previous hour’s lows)

🛑Stop Loss: 0.0302 (Reason: Break below the previous low of the 1H consolidation platform, short squeeze logic invalidated)

🚀Target 1: 0.0335 (Reason: Intraday resistance at previous high)

🚀Target 2: 0.0360 (Reason: 1.618 Fibonacci extension based on ATR measurement)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily gains are already significant, volatility is extremely high)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.0335, hold the remaining position to aim for Target 2.

Deep logic: Market depth shows buy orders (Bid) significantly thicker than sell orders (Ask), with a depth imbalance of 2.68%, indicating strong support below. Negative funding rates and stable/increasing OI are the core fuel for the short squeeze. The 1H level is replacing deep correction with sideways consolidation, which is a very strong bullish signal. The 4H large bullish candle sets the tone, and a short-term pullback is an opportunity.

View real-time market 👇 $BIO

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