$BICO Short Trade Signal | Bears Looking for a Cooldown
$BICO has surged more than 36% over the last 24 hours and is now trading just below its intraday high. After such a strong impulsive move, the price appears extended, increasing the probability of a short-term pullback if buyers fail to break resistance.
The short-term outlook turns bearish if price loses the immediate support zone with rising selling volume.
Trade Setup Direction: SHORT
Entry: $0.01600 – $0.01620
Stop Loss: $0.01685
TP1: $0.01480
TP2: $0.01360
Final Target: $0.01250
A confirmed break below $0.01470 could accelerate the next leg lower and strengthen bearish momentum.
Risk Management:
Wait for a bearish rejection candle before entering.
Do not short into strong green momentum without confirmation.
Risk only 1–2% of your trading capital per trade.
Always DYOR.
Futures trading is risky.
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$BICO has surged more than 36% over the last 24 hours and is now trading just below its intraday high. After such a strong impulsive move, the price appears extended, increasing the probability of a short-term pullback if buyers fail to break resistance.
The short-term outlook turns bearish if price loses the immediate support zone with rising selling volume.
Trade Setup Direction: SHORT
Entry: $0.01600 – $0.01620
Stop Loss: $0.01685
TP1: $0.01480
TP2: $0.01360
Final Target: $0.01250
A confirmed break below $0.01470 could accelerate the next leg lower and strengthen bearish momentum.
Risk Management:
Wait for a bearish rejection candle before entering.
Do not short into strong green momentum without confirmation.
Risk only 1–2% of your trading capital per trade.
Always DYOR.
Futures trading is risky.
#Follow_Like_Comment