$BICO Update 📉
After a +40% daily rally, BICO is entering a high-risk area where buyers need to prove they can keep pushing.
Technical view
• Daily RSI 93+ → extremely overbought.
• 4H RSI 88+ → parabolic momentum.
• 1H RSI 93+ → short-term exhaustion.
• Price is trading 30-60% above EMA25, meaning it’s heavily extended.
• The current candle is testing the EMA99 resistance on the Daily, which is a major dynamic resistance around 0.024-0.025.
Money Flow
✅ Net inflow: +24.4M BICO
✅ Large wallets: +21.7M BICO
Whales are still supporting the move, so don’t expect an instant dump. This is why I entered only after a strong expansion, not before.
Key resistance
🔴 0.0238-0.0245 — current resistance (price is here now)
🔴 0.0260-0.0270 — if bulls break above today’s high
🔴 0.0300 — only if momentum continues with strong volume.
Key supports
🟢 0.0220
🟢 0.0205-0.0210
🟢 0.0190
🟢 0.0175-0.0180
🟢 0.0160 (major support)
My scenarios
Scenario 1 (more likely – ~65%)
Price fails around 0.024, loses 0.022, then I expect a move toward 0.0205 → 0.0190.
Scenario 2 (~25%)
One more squeeze into 0.026-0.027, trapping late longs, followed by a deeper correction.
It is a good chance to enter now. I think price will drop atfter this rally. Grabbed some more liquidity on the top and now it’s time to go down
#crypto #Alts #short #BICO