$BICO Perpetual Trade Setup: ICT + SMC + Elliott Wave + Fibonacci Confluence
$BICO displays a strong bullish market structure after breaking long-term resistance and reclaiming premium pricing. ICT analysis suggests a successful liquidity sweep below 0.0112, followed by displacement and a bullish Break of Structure (BOS). Smart Money appears to be repricing the asset after mitigation, while Elliott Wave indicates an extended Wave 3 nearing completion with a potential Wave 4 pullback before continuation. Fibonacci retracement projects healthy support around the 0.618 zone near 0.033–0.035, making dips attractive. Momentum remains elevated, though RSI across higher timeframes signals overbought conditions, increasing short-term volatility. Bulls maintain control while price holds above 0.0360. Trade: Buy on retracement or breakout confirmation.
TP1: 0.0462 TP2: 0.0528 TP3: 0.0615.
Invalidation: Daily close below 0.0330 weakens the bullish structure and increases correction probability.
Trade $BICO here 👇🏻👇🏻
$BICO displays a strong bullish market structure after breaking long-term resistance and reclaiming premium pricing. ICT analysis suggests a successful liquidity sweep below 0.0112, followed by displacement and a bullish Break of Structure (BOS). Smart Money appears to be repricing the asset after mitigation, while Elliott Wave indicates an extended Wave 3 nearing completion with a potential Wave 4 pullback before continuation. Fibonacci retracement projects healthy support around the 0.618 zone near 0.033–0.035, making dips attractive. Momentum remains elevated, though RSI across higher timeframes signals overbought conditions, increasing short-term volatility. Bulls maintain control while price holds above 0.0360. Trade: Buy on retracement or breakout confirmation.
TP1: 0.0462 TP2: 0.0528 TP3: 0.0615.
Invalidation: Daily close below 0.0330 weakens the bullish structure and increases correction probability.
Trade $BICO here 👇🏻👇🏻