$BICO just ripped to $0.0379 and yeah, that’s real strength 📈
But this is exactly how you get smoked if you chase blind.
RSI on the 4h is 84, volume is 7.6x the 20d average, and the last 4h move was +39.1% 🚨
Shorts are paying -0.016%, so the squeeze can keep going.
Could squeeze harder. Could also dump just as fast. Mixed MAs, 18% off the 30d high, 76% up the range.
I’ve been burned on moves like this. Respect the trend, but don’t marry the candle 🔥
#BICO
#Binance
But this is exactly how you get smoked if you chase blind.
RSI on the 4h is 84, volume is 7.6x the 20d average, and the last 4h move was +39.1% 🚨
Shorts are paying -0.016%, so the squeeze can keep going.
Could squeeze harder. Could also dump just as fast. Mixed MAs, 18% off the 30d high, 76% up the range.
I’ve been burned on moves like this. Respect the trend, but don’t marry the candle 🔥
#BICO
#Binance