【$BIO Signal】Short squeeze retracement, second attempt at a rally

$BIO 1H RSI from 88.59 high level retreated, price encountered obvious selling pressure near the 4H Bollinger upper band at 0.0446, with buy order depth imbalance of -2.56%. The 4H MACD histogram is still expanding, but the 1H MACD histogram has started to contract, indicating weakening short-term momentum. The funding rate of -0.1139% shows extremely high short position costs, yet the price has not fallen sharply, indicating a short squeeze basis.

If the price can stabilize above 0.04433, go long directly.

⚡Entry/Order: 0.04433

🛑Stop loss: 0.02149

🚀Target 1: 0.04459

🚀Target 2: 0.04476

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

The current risk-reward ratio is not ideal; the main logic relies on the short covering push in a high negative fee environment. The 1H volume shrinks after the rally, requiring new capital inflow to confirm the direction. This position is more like a high-risk, high-reward short-term game rather than trend following.

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