$BICO 🚨 $BICO 🔴 Strong downtrend… and the last support under pressure!
$BICO | #BICOUSDT
💰 Price: 0.02744 (-19.48%)
📉 24H High: 0.03474 | Low: 0.02733
📊 MA7: 0.02828 | MA25: 0.03072 | MA99: 0.03784
⚠️ W%R: -97.64 → extremely strong sell exhaustion.
📊 Analysis: The trend is strongly bearish and the price is below all moving averages. However, the sell exhaustion is very high, so I do not recommend chasing the SHORT at the current price. It’s better to wait for a break of the low at 0.02733 to confirm the continuation of the downtrend.
🔴 SHORT below 0.02720
🎯 TP1: 0.02620
🎯 TP2: 0.02500
🎯 TP3: 0.02380
🛑 SL: 0.02860
⚠️ A break above 0.02860 invalidates the SHORT scenario, and we may see a quick rebound.
#BICO #BICOUSDT #Binance
$BICO | #BICOUSDT
💰 Price: 0.02744 (-19.48%)
📉 24H High: 0.03474 | Low: 0.02733
📊 MA7: 0.02828 | MA25: 0.03072 | MA99: 0.03784
⚠️ W%R: -97.64 → extremely strong sell exhaustion.
📊 Analysis: The trend is strongly bearish and the price is below all moving averages. However, the sell exhaustion is very high, so I do not recommend chasing the SHORT at the current price. It’s better to wait for a break of the low at 0.02733 to confirm the continuation of the downtrend.
🔴 SHORT below 0.02720
🎯 TP1: 0.02620
🎯 TP2: 0.02500
🎯 TP3: 0.02380
🛑 SL: 0.02860
⚠️ A break above 0.02860 invalidates the SHORT scenario, and we may see a quick rebound.
#BICO #BICOUSDT #Binance