【$BIO Signal】Short squeeze continues, 1H level breaks out strongly, chasing longs for the second wave of rally

$BIO The 1H timeframe is currently consolidating at a high level after a violent surge, with the price staying close above the EMA20(1H), indicating strong consolidation. The 4H timeframe shows a massive bullish candle breaking through the previous consolidation platform, and the trend has shifted to bullish. Currently, the negative funding rate is as high as -0.5666%, while the price remains firm and open interest (OI) is stable. This is a typical short squeeze market, with bears being continuously squeezed out, preparing for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: Enter at the current price of 0.03047 or place staggered buy orders around the 0.0298 - 0.0300 zone. (Reason: 1H EMA20 dynamic support & the 23.6% Fibonacci retracement of the previous rally )

🛑Stop loss: 0.0288 (Reason: Break below the middle of the 4H large bullish candle and the previous low of 0.02785, invalidating the short squeeze logic )

🚀Target 1: 0.0325 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.0348 (Reason: 1.618 Fibonacci extension level, corresponding to the previous dense chip area )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily increase has exceeded 30%, volatility is extremely high, prioritize risk management )

- Execution strategy: Use aggressive take profit. After the price reaches 0.0325, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0305. If the price strongly breaks through 0.0325 and stabilizes, hold the remaining position towards 0.0348.

Deep logic: Market data clearly shows short squeeze characteristics. The price surged nearly 30% within 4 hours, but open interest (OI) remains stable and has not decreased significantly due to the rise, indicating this is not just a short covering but new long capital entering the market. The 1H RSI is as high as 91.55, in an extreme overbought zone, but in a short squeeze market, RSI can remain dulled for a long time. Market depth shows buy orders accumulating around 0.0303-0.0304, forming the first line of defense. Market logic suggests “price rising, consider whether it’s driven by main players entering or bears being squeezed out,” and current data more strongly supports the view that main players are entering to defend the market.

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