$BICO 🚨 just showed why traders should never chase vertical pumps.
🐻🐻🐻 are the king always
The weekly chart tells a clear story:
📈 Price exploded from the lows and touched $0.0665.
📉 Then sellers stepped in and erased most of the gains.
This isn't the type of candle bulls want to see.
Why I'm cautious:
❌ Massive upper wick rejection
❌ Long/Short Ratio turning lower
❌ Buyers failed to hold breakout levels
❌ Signs of distribution after a high-volume spike
The biggest warning sign?
Volume surged to extreme levels while price couldn't maintain higher levels.
That's often where smart money takes profits while retail traders FOMO in.
Trading Bias: BEARISH
🎯 Support 1: $0.020
🎯 Support 2: $0.017
🎯 Support 3: no support 😂😂
Unless #bico can reclaim the $0.030-$0.040 zone and hold it with strong volume, this move looks more like a liquidity grab than the start of a sustainable bull trend.
Remember:
Not every pump is accumulation. Sometimes it's distribution in disguise.
What's your take?
$ETH is also fucking from last cycle
🐂 Bullish retest
🐻 Bull trap
👀 Waiting for confirmation
#MemeCoreMTokenCrashes80%
🐻🐻🐻 are the king always
The weekly chart tells a clear story:
📈 Price exploded from the lows and touched $0.0665.
📉 Then sellers stepped in and erased most of the gains.
This isn't the type of candle bulls want to see.
Why I'm cautious:
❌ Massive upper wick rejection
❌ Long/Short Ratio turning lower
❌ Buyers failed to hold breakout levels
❌ Signs of distribution after a high-volume spike
The biggest warning sign?
Volume surged to extreme levels while price couldn't maintain higher levels.
That's often where smart money takes profits while retail traders FOMO in.
Trading Bias: BEARISH
🎯 Support 1: $0.020
🎯 Support 2: $0.017
🎯 Support 3: no support 😂😂
Unless #bico can reclaim the $0.030-$0.040 zone and hold it with strong volume, this move looks more like a liquidity grab than the start of a sustainable bull trend.
Remember:
Not every pump is accumulation. Sometimes it's distribution in disguise.
What's your take?
$ETH is also fucking from last cycle
🐂 Bullish retest
🐻 Bull trap
👀 Waiting for confirmation
#MemeCoreMTokenCrashes80%
