【$BIO Signal】Short squeeze rebound, aiming for a second upward move (1H pullback confirmation + negative funding rate short squeeze)

$BIO The 1H timeframe has entered a healthy pullback after a sharp rise, with the price finding initial support above the EMA20 (0.0298). The 4H timeframe has experienced a massive breakout from the long-term downtrend and is currently consolidating at high levels, indicating a trend reversal to bullish. The key points are: a negative funding rate as high as -0.13%, while the price remains firm and open interest (OI) is stable. This is a typical short squeeze structure, with ample liquidation fuel for shorts.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.0312 - 0.0315 ( Reason: 1H EMA20 support zone + upper boundary of the previous 1H dense trading zone )

🛑 Stop-loss: 0.0305 ( Reason: Break below the previous 1H low and the key psychological level at 0.0308 )

🚀 Target 1: 0.0335 ( Reason: Previous high resistance level, also the first target on the 4H timeframe )

🚀 Target 2: 0.0360 ( Reason: Based on ATR measurement, the 1.618 extension level, potential short squeeze target )

🛡️ Trading management:

- Position size suggestion: Light position ( Reason: Intraday increase already over 40%, volatility is extremely high )

- Execution strategy: After reaching 0.0335, reduce position by 50% and move stop-loss to entry price 0.0315. Hold the remaining position for target 2; if the 1H close drops below 0.0328, exit all positions.

Deep logic: Market logic indicates “price rising, combined with position volume,” with current OI stable. The pullback is not driven by major players offloading, but more like clearing out floating positions. Market depth shows bid volume far exceeds ask volume, with an imbalance of 11.24%, indicating strong support below. The 1H RSI (70.7) has retreated from overbought territory, preparing for another push upward. The core driver is the negative funding rate, making short positions costly; any upward movement could trigger chain liquidations.

View real-time quotes 👇 $BIO

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