$BICO printed daily volume at 4.84x its 20-day average. That is the number that matters here.
Price is 0.05716, up 47.97% in 24h. Daily RSI is 91.62, 4h RSI is 92.94. The 9-day EMA sits at 0.02841, so spot is trading at roughly double it. This is a repricing, not the slow grind you get in $BNB or $SOL .
The level that decides the next leg is 0.05762. It has been touched 22 times on the 15m. Clear it and 0.05911, with 18 touches, is the next shelf. Invalidation is 0.05246 — 32 touches, the densest floor on this chart. Lose that and 0.05053, 22 touches, comes into play.
Now the uncomfortable part. The 15m volume ratio is 0.63 and the 1h is 0.67. Both below average. The daily volume point of control is 0.01733, far under spot. The buyers who made this move have stopped pressing. Price is holding altitude on thin participation.
Buying a 48% candle at RSI 91 is a different trade from buying the base was.
Are you positioning for continuation here, or waiting for 0.05246 to be retested?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price is 0.05716, up 47.97% in 24h. Daily RSI is 91.62, 4h RSI is 92.94. The 9-day EMA sits at 0.02841, so spot is trading at roughly double it. This is a repricing, not the slow grind you get in $BNB or $SOL .
The level that decides the next leg is 0.05762. It has been touched 22 times on the 15m. Clear it and 0.05911, with 18 touches, is the next shelf. Invalidation is 0.05246 — 32 touches, the densest floor on this chart. Lose that and 0.05053, 22 touches, comes into play.
Now the uncomfortable part. The 15m volume ratio is 0.63 and the 1h is 0.67. Both below average. The daily volume point of control is 0.01733, far under spot. The buyers who made this move have stopped pressing. Price is holding altitude on thin participation.
Buying a 48% candle at RSI 91 is a different trade from buying the base was.
Are you positioning for continuation here, or waiting for 0.05246 to be retested?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.