🚨 BICO just dumped 13% and the chart looks ugly. Don't be the one catching this knife.
From $0.038 to $0.031 — a massive red candle on the 4H. Volume is suspiciously LOW (0.28x normal), which tells me this isn't natural selling. This is a liquidity hunt. Price is well below SMA7 and SMA25 on 4H, and the trend is firmly bearish.
Long/short ratio at 0.62 confirms shorts are dominating. When volume is this thin on a dump, it means there's no real bid support — just stop losses getting swept.
📋 The Trade:
If holding → EXIT on bounce to $0.032–$0.033
Key level to watch: $0.0288 — if this breaks, next stop is $0.025
Low volume dumps are traps. They look like buying opportunities but often lead to deeper drawdowns.
Have you ever caught a knife like this and lived to tell the tale? 👇
#BICO #CryptoTrading #DYOR
⚠️ Not financial advice. DYOR. Crypto is volatile — never risk more than you can afford to lose.
From $0.038 to $0.031 — a massive red candle on the 4H. Volume is suspiciously LOW (0.28x normal), which tells me this isn't natural selling. This is a liquidity hunt. Price is well below SMA7 and SMA25 on 4H, and the trend is firmly bearish.
Long/short ratio at 0.62 confirms shorts are dominating. When volume is this thin on a dump, it means there's no real bid support — just stop losses getting swept.
📋 The Trade:
If holding → EXIT on bounce to $0.032–$0.033
Key level to watch: $0.0288 — if this breaks, next stop is $0.025
Low volume dumps are traps. They look like buying opportunities but often lead to deeper drawdowns.
Have you ever caught a knife like this and lived to tell the tale? 👇
#BICO #CryptoTrading #DYOR
⚠️ Not financial advice. DYOR. Crypto is volatile — never risk more than you can afford to lose.