$BICO is retesting a key supply zone as the recent recovery starts showing signs of weakness.
Trading Plan — Short $BICO
Entry: 0.022 – 0.023
SL: 0.024
TP1: 0.021
TP2: 0.0205
TP3: 0.0200
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. So far, buyers have struggled to sustain momentum above this zone, keeping the lower liquidity levels vulnerable.
If supply continues to hold and the structure remains bearish, $BICO could rotate toward the downside targets before attempting another recovery.
Manage risk carefully, respect the stop-loss, and avoid overleveraging.
DYOR (Do Your Own Research).
Trading Plan — Short $BICO
Entry: 0.022 – 0.023
SL: 0.024
TP1: 0.021
TP2: 0.0205
TP3: 0.0200
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. So far, buyers have struggled to sustain momentum above this zone, keeping the lower liquidity levels vulnerable.
If supply continues to hold and the structure remains bearish, $BICO could rotate toward the downside targets before attempting another recovery.
Manage risk carefully, respect the stop-loss, and avoid overleveraging.
DYOR (Do Your Own Research).