🚨 $BICO SHORT SETUP: RESISTANCE REJECTION IN PLAY? 📉
Entry: 0.0498-0.0512 ⚡
Target: 0.0470 🎯
Target: 0.0440 🎯
Target: 0.0405 🎯
Stop Loss: 0.0535 🛑
📌 $BICO has surged into a dense supply zone that has historically repelled price. This is textbook smart money distribution — the rally looks stretched, and the market is sniffing for liquidity above to fill resting orders. 📊 Momentum is fading on lower timeframes, with volume diverging from price.
💡 The short thesis is clean: a rejection at this resistance pocket could trigger a mean reversion toward the imbalance left behind from the impulsive move. But chasing here is a rookie mistake. Wait for a confirmed bearish candlestick close below the entry range before committing capital. 🎯 Multiple profit targets allow for partial scaling while protecting against wicks.
💬 Are you waiting for the confirmation candle, or do you already have a short position open? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BICO #ShortSetup #Crypto #Resistance #SMC
🐻 📉
Entry: 0.0498-0.0512 ⚡
Target: 0.0470 🎯
Target: 0.0440 🎯
Target: 0.0405 🎯
Stop Loss: 0.0535 🛑
📌 $BICO has surged into a dense supply zone that has historically repelled price. This is textbook smart money distribution — the rally looks stretched, and the market is sniffing for liquidity above to fill resting orders. 📊 Momentum is fading on lower timeframes, with volume diverging from price.
💡 The short thesis is clean: a rejection at this resistance pocket could trigger a mean reversion toward the imbalance left behind from the impulsive move. But chasing here is a rookie mistake. Wait for a confirmed bearish candlestick close below the entry range before committing capital. 🎯 Multiple profit targets allow for partial scaling while protecting against wicks.
💬 Are you waiting for the confirmation candle, or do you already have a short position open? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BICO #ShortSetup #Crypto #Resistance #SMC
🐻 📉