📊 $BICO – – Entry Scenario
The price is currently hovering around 0.05031.
From an SMC perspective, the 0.05048–0.05207 area represents a Bearish FVG that could potentially act as a supply zone. Until the price manages to break out and close strongly above this area, there remains a significant chance of a pullback.
🎯 Primary scenario:
* Wait for a correction to the 0.04601–0.04784 area (Breaker / Mitigation Block).
* Look for reversal confirmation before entering a buy position.
* The main target aligns with the continuation of the Higher Timeframe (HTF) bullish trend, provided the support level holds.
⚠️ Factors supporting a pullback:
• A fresh Bearish FVG sits above the current price.
• The price is in the Premium Zone.
• The 4H RSI is in extreme overbought territory.
• 15M Supertrend and PSAR remain bearish.
• Sell-side liquidity around 0.04045 remains a potential target.
🟢 However, keep in mind:
• The higher timeframe structure remains bullish.
• Funding rates remain extremely negative, keeping the risk of a short squeeze high.
• Top traders still tend to open long positions.
Conclusion:
It is better to be patient and wait for a retracement rather than chasing the price in the premium zone. As long as the 0.04045 level is not breached with a valid close, the correction is considered a healthy pullback within the broader bullish trend.
Not financial advice (DYOR). Always use risk management and avoid FOMO.
The price is currently hovering around 0.05031.
From an SMC perspective, the 0.05048–0.05207 area represents a Bearish FVG that could potentially act as a supply zone. Until the price manages to break out and close strongly above this area, there remains a significant chance of a pullback.
🎯 Primary scenario:
* Wait for a correction to the 0.04601–0.04784 area (Breaker / Mitigation Block).
* Look for reversal confirmation before entering a buy position.
* The main target aligns with the continuation of the Higher Timeframe (HTF) bullish trend, provided the support level holds.
⚠️ Factors supporting a pullback:
• A fresh Bearish FVG sits above the current price.
• The price is in the Premium Zone.
• The 4H RSI is in extreme overbought territory.
• 15M Supertrend and PSAR remain bearish.
• Sell-side liquidity around 0.04045 remains a potential target.
🟢 However, keep in mind:
• The higher timeframe structure remains bullish.
• Funding rates remain extremely negative, keeping the risk of a short squeeze high.
• Top traders still tend to open long positions.
Conclusion:
It is better to be patient and wait for a retracement rather than chasing the price in the premium zone. As long as the 0.04045 level is not breached with a valid close, the correction is considered a healthy pullback within the broader bullish trend.
Not financial advice (DYOR). Always use risk management and avoid FOMO.