BICO just ripped 26.5% with 3x normal volume. The question isn't "why" — it's "how much more?" 🚀
At $0.0247, BICO's 4h RSI is at 71.5 (getting hot) and the SMA7 ($0.0231) is already 15% above the SMA25 ($0.0201). The daily RSI at 52.2 is surprisingly neutral, meaning this move has room to extend on the higher timeframe.
Why This Trade?
Volume ratio of 3.08x average tells you this isn't random — someone is buying aggressively. The long/short ratio at 0.91 is interesting: shorts are actually piling in, which creates fuel for a squeeze if price pushes higher.
Trade Plan:
Entry: $0.0237–$0.0257 (pullback to SMA7 zone)
Stop Loss: $0.0273 (above the current candle high)
TP1: $0.0257 | TP2: $0.0267 | TP3: $0.0277
Risk/Reward: 0.4x (aggressive — momentum chase)
Watch for shorts to capitulate. That's your second entry signal.
Would you long this or wait for shorts to get wrecked first? 👇
⚠️ NFA. DYOR. Never FOMO into overbought conditions.
#BICO #DeFi #DYOR
At $0.0247, BICO's 4h RSI is at 71.5 (getting hot) and the SMA7 ($0.0231) is already 15% above the SMA25 ($0.0201). The daily RSI at 52.2 is surprisingly neutral, meaning this move has room to extend on the higher timeframe.
Why This Trade?
Volume ratio of 3.08x average tells you this isn't random — someone is buying aggressively. The long/short ratio at 0.91 is interesting: shorts are actually piling in, which creates fuel for a squeeze if price pushes higher.
Trade Plan:
Entry: $0.0237–$0.0257 (pullback to SMA7 zone)
Stop Loss: $0.0273 (above the current candle high)
TP1: $0.0257 | TP2: $0.0267 | TP3: $0.0277
Risk/Reward: 0.4x (aggressive — momentum chase)
Watch for shorts to capitulate. That's your second entry signal.
Would you long this or wait for shorts to get wrecked first? 👇
⚠️ NFA. DYOR. Never FOMO into overbought conditions.
#BICO #DeFi #DYOR