🪙 ASSET: $BICO /USDT (Binance)
🔴 DIRECTION: SHORT (Short position)
📉 TREND: Pronounced downtrend. Price collapsed from 0.09100 (chart peak) to the current 0.02675 — a correction of ~70.6%. Price is trading below EMA(7) 0.02892, EMA(25) 0.03500, EMA(99) 0.03120, but above EMA(200) 0.02563 — bearish short-term and medium-term setup. RSI(6) is at 16.88 — an extremely oversold zone that may trigger a short-term technical bounce, but the main trend remains strongly bearish. MACD is negative (DIF -0.00415, DEA -0.00336, MACD -0.00079) — confirming bearish momentum. Supertrend 0.03011 is red and significantly above the price — an additional signal of weakness. Volume of $36.35M confirms seller activity.
🎯 Trading Setup
🎯 Entry: 0.0267 – 0.0285
🛑 Stop-Loss: 0.0295 (above EMA(7) 0.02892 + buffer)
📉 Take-Profits:
🔴 TP1: 0.0255 — below EMA(200) 0.02563
🔴 TP2: 0.0240 — intermediate support
🔴 TP3: 0.0220 — extended target, approaching the 0.0200 zone
🔑 Key Levels
🔵 Bottom (0.02614): 24-hour low / local bounce level
🔴 Resistance (0.09100): Local peak / drop start level
🟢 Support (0.02563): EMA(200) / critical dynamic level
🎯 Entry Zone (0.0267–0.0285): Current zone / retest of EMA(7) 0.02892 from below
🛑 Stop-Loss (0.0295): Above EMA(7) with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$BICO
🔴 DIRECTION: SHORT (Short position)
📉 TREND: Pronounced downtrend. Price collapsed from 0.09100 (chart peak) to the current 0.02675 — a correction of ~70.6%. Price is trading below EMA(7) 0.02892, EMA(25) 0.03500, EMA(99) 0.03120, but above EMA(200) 0.02563 — bearish short-term and medium-term setup. RSI(6) is at 16.88 — an extremely oversold zone that may trigger a short-term technical bounce, but the main trend remains strongly bearish. MACD is negative (DIF -0.00415, DEA -0.00336, MACD -0.00079) — confirming bearish momentum. Supertrend 0.03011 is red and significantly above the price — an additional signal of weakness. Volume of $36.35M confirms seller activity.
🎯 Trading Setup
🎯 Entry: 0.0267 – 0.0285
🛑 Stop-Loss: 0.0295 (above EMA(7) 0.02892 + buffer)
📉 Take-Profits:
🔴 TP1: 0.0255 — below EMA(200) 0.02563
🔴 TP2: 0.0240 — intermediate support
🔴 TP3: 0.0220 — extended target, approaching the 0.0200 zone
🔑 Key Levels
🔵 Bottom (0.02614): 24-hour low / local bounce level
🔴 Resistance (0.09100): Local peak / drop start level
🟢 Support (0.02563): EMA(200) / critical dynamic level
🎯 Entry Zone (0.0267–0.0285): Current zone / retest of EMA(7) 0.02892 from below
🛑 Stop-Loss (0.0295): Above EMA(7) with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$BICO