To be honest, the last-sequence position has not stabilized yet. The rebound represented by $BICO clearly lacks sufficient volume. On the four-hour timeframe, every time it tries to push higher, it gets pushed back. The short-seller positioning is becoming increasingly clear. The point of contention is whether it will lure longs once more in the short term, but looking at the structure, the overhead supply is definitely real. Once support below is broken, the downside space opens up.
This risk-reward setup is worth paying attention to. I’m fully aware of the rebound risk, but overall the main logic is still bearish.
🔴 Trade Direction: Short
📍 Entry Range: 0.04400 – 0.04300
🛑 Stop Loss: 0.04810
🎯 Take Profit 1: 0.04000
🎯 Take Profit 2: 0.03600
🎯 Take Profit 3: 0.03300
🎯 Take Profit 4: 0.03000
Gaze at the vast horizon, observe the market’s slightest movements.
Travel alongside Uncle Xiong, and witness gains and losses on a grand scale.
#BICO
Click below to trade 👇
This risk-reward setup is worth paying attention to. I’m fully aware of the rebound risk, but overall the main logic is still bearish.
🔴 Trade Direction: Short
📍 Entry Range: 0.04400 – 0.04300
🛑 Stop Loss: 0.04810
🎯 Take Profit 1: 0.04000
🎯 Take Profit 2: 0.03600
🎯 Take Profit 3: 0.03300
🎯 Take Profit 4: 0.03000
Gaze at the vast horizon, observe the market’s slightest movements.
Travel alongside Uncle Xiong, and witness gains and losses on a grand scale.
#BICO
Click below to trade 👇