$BICO Trade Setup: ICT + SMC + Elliott Wave + Fibonacci Confluence
Entry: 0.0328–0.0335
Stop Loss: 0.0308
TP1: 0.03850
TP2: 0.04280
TP3: 0.04850
$BICO is displaying a strong bullish market structure across the 1H, 4H, and 1D timeframes. ICT and Smart Money Concepts indicate a decisive Break of Structure (BOS) followed by sustained displacement, suggesting institutional accumulation above previous liquidity. Elliott Wave analysis points to an extended Wave 3 approaching exhaustion, with Wave 4 consolidation likely before another impulsive Wave 5. Fibonacci extension and retracement confluence place immediate resistance near 0.0385, while support remains around 0.0318–0.0330, an ideal premium-discount re-entry zone. RSI above 80 reflects overbought momentum, so chasing candles carries elevated risk. A healthy pullback into bullish order blocks could provide higher-probability entries. As long as price holds above 0.0318, bullish continuation remains favored.
Trade $BICO here 👇🏻
Entry: 0.0328–0.0335
Stop Loss: 0.0308
TP1: 0.03850
TP2: 0.04280
TP3: 0.04850
$BICO is displaying a strong bullish market structure across the 1H, 4H, and 1D timeframes. ICT and Smart Money Concepts indicate a decisive Break of Structure (BOS) followed by sustained displacement, suggesting institutional accumulation above previous liquidity. Elliott Wave analysis points to an extended Wave 3 approaching exhaustion, with Wave 4 consolidation likely before another impulsive Wave 5. Fibonacci extension and retracement confluence place immediate resistance near 0.0385, while support remains around 0.0318–0.0330, an ideal premium-discount re-entry zone. RSI above 80 reflects overbought momentum, so chasing candles carries elevated risk. A healthy pullback into bullish order blocks could provide higher-probability entries. As long as price holds above 0.0318, bullish continuation remains favored.
Trade $BICO here 👇🏻