$BICO Short 20x | Supply zone hit, execution over opinion.
BICO has finally reached the supply zone I mapped out for this short. Live position from the planned area, with a clean invalidation in place.
Trade Plan:
- Entry: 0.02458 – 0.02498
- TP1: 0.02265 (R:R 1:0.8)
- TP2: 0.02123 (R:R 1:1.3)
- TP3: 0.01910 (R:R 1:2.0)
- SL: 0.02762
Why this setup?
- The 4h structure still supports a short, with a range-bound 1D backdrop and price rejecting from 0.02458–0.02498 near 0.02478.
- 15m RSI at 61 shows neutral momentum, leaving room for downside continuation if sellers hold the line.
- Volume confirms participation: 0.82x pace, 9.52M traded versus 11.66M expected, signaling real sell-side pressure.
My call. Your execution..
Trade here 👇 and Is the invalidation tight enough to trust, or does it leave too much room for a squeeze?
BICO has finally reached the supply zone I mapped out for this short. Live position from the planned area, with a clean invalidation in place.
Trade Plan:
- Entry: 0.02458 – 0.02498
- TP1: 0.02265 (R:R 1:0.8)
- TP2: 0.02123 (R:R 1:1.3)
- TP3: 0.01910 (R:R 1:2.0)
- SL: 0.02762
Why this setup?
- The 4h structure still supports a short, with a range-bound 1D backdrop and price rejecting from 0.02458–0.02498 near 0.02478.
- 15m RSI at 61 shows neutral momentum, leaving room for downside continuation if sellers hold the line.
- Volume confirms participation: 0.82x pace, 9.52M traded versus 11.66M expected, signaling real sell-side pressure.
My call. Your execution..
Trade here 👇 and Is the invalidation tight enough to trust, or does it leave too much room for a squeeze?