🎯 BICO is down -14.5% but the daily trend is still UP. This is the kind of setup patient traders live for.
📊 The Setup:
Price: $0.0236 | Vol: $12.2M | Volume ratio: 1.35x (increasing)
4H RSI: 51.6 (neutral) | Daily RSI: 50.5 (neutral)
Daily MACD slightly negative (-0.0005) but 4H MACD is positive (+0.0014). The daily trend structure remains intact: 7D MA ($0.0217) > 99D MA ($0.0215), and price is holding above both.
🎯 Why This Trade?
Both RSI readings at neutral (51.6 and 50.5) during a -14.5% pullback within an uptrend? That's textbook "buy the dip" territory. The daily 99D MA at $0.0215 is the line in the sand — as long as price holds above it, the uptrend is alive. Increasing volume (1.35x) on the dip suggests someone is accumulating.
📋 Trade Plan:
• Entry: $0.0225–$0.0240 (near the 99D MA support zone)
• Stop Loss: $0.0190 (below the 99D MA — trend is dead)
• TP1: $0.0270 (+14%, back to the 25D MA)
• TP2: $0.0290 (+22%)
• R:R ≈ 1:1.5
⚡ Buy fear, sell greed. When the daily trend is up and RSI is neutral, the odds favor the dip buyers.
BICO: smart dip buy or trend reversal in progress? What do you think? 👇
#BICO #Biconomy #DYOR
⚠️ This is not financial advice. Always do your own research and never invest more than you can afford to lose.