$BIO BIO/USDT is currently trading around 0.6950, down 6.62% for the day, with a 24h trading volume of 260.45 million BIO. The nearest important support level is 0.6600, while resistance is at the 0.7444 area.

The current trend indicates that the price is accumulating near the MA (7) and MA (25) lines, with market momentum being quite weak. In the long term, if the price holds above the 0.6600 area, this could be an opportunity to accumulate, especially if trading volume increases again.

Trading strategy:

Entry point: Near the support level of 0.6600 or when the price crosses the resistance of 0.7444 with a confirmation signal.

Take profit: At the next resistance areas of 0.7444 and 0.8296.

Stop loss: Below the 0.6600 area to minimize risk.

Long-term advice: Investors should prioritize a staggered buying strategy and closely monitor trading volume. Accumulating at low price levels could yield good profits if the market recovers. At the same time, ensure proper capital allocation and do not place too much expectation on a single trade.

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