BICO's looking juicy for a short, just broke down from a key level. We've got a clear path to the downside now.
🔴 $BICO SHORT 📉
Entry $0.027742-$0.027798 | SL $0.028603 (-3.0%) | TP1 $0.027353 (+1.5%) | TP2 $0.026381 (+5.0%) | R/R 1:1.7 | Conf 64%
This setup's got my attention with a bunch of signals lining up - CHoCH just triggered on the break of market structure, CVD's confirming the direction with volume, and we've got a nice FVG to target. The fact that OB and POI confluence are overlapping just adds to the conviction. Structure's looking pretty weak here.
3.0% stop loss seems about right, not too tight, not too wide, and with 2x leverage we can make this trade work without overexposing ourselves.
Looking to take some profit off the table at TP1, don't want to get too greedy if we get a quick move in our favor
As always: manage your risk, this is not financial advice 🙏
$BICO #BICOUSDT #sheinsaidtolaunchhkiposubscriptionaroundaug20 #TradingSignals #Write2Earn
🔴 $BICO SHORT 📉
Entry $0.027742-$0.027798 | SL $0.028603 (-3.0%) | TP1 $0.027353 (+1.5%) | TP2 $0.026381 (+5.0%) | R/R 1:1.7 | Conf 64%
This setup's got my attention with a bunch of signals lining up - CHoCH just triggered on the break of market structure, CVD's confirming the direction with volume, and we've got a nice FVG to target. The fact that OB and POI confluence are overlapping just adds to the conviction. Structure's looking pretty weak here.
3.0% stop loss seems about right, not too tight, not too wide, and with 2x leverage we can make this trade work without overexposing ourselves.
Looking to take some profit off the table at TP1, don't want to get too greedy if we get a quick move in our favor
As always: manage your risk, this is not financial advice 🙏
$BICO #BICOUSDT #sheinsaidtolaunchhkiposubscriptionaroundaug20 #TradingSignals #Write2Earn