10:02 (Beijing Time)
$BICO current price 0.02542, down about 8.6% in 24 hours. Open interest up 11.4%, and increased again by 3.3% in the last 1 hour. Short accounts are about 67.5%. Funding rate is -0.756%. The market is crowded on the bearish side. For now, do not chase shorts; watch for a short-squeeze reversal.
Reference plan:
Wait for the 1-hour close to be above 0.02670. Only consider going long if it pulls back to 0.02600–0.02670 without breaking.
Stop loss: 0.02350
TP1: 0.03150
TP2: 0.03550
Based on an entry at 0.02635, the first target’s risk-reward ratio is approximately 1.81:1.
If it does not hold above 0.02670 or it breaks down below 0.02350 first, the plan is invalid.
Control single-trade risk yourself. #合约观察 # trading plan
$BICO current price 0.02542, down about 8.6% in 24 hours. Open interest up 11.4%, and increased again by 3.3% in the last 1 hour. Short accounts are about 67.5%. Funding rate is -0.756%. The market is crowded on the bearish side. For now, do not chase shorts; watch for a short-squeeze reversal.
Reference plan:
Wait for the 1-hour close to be above 0.02670. Only consider going long if it pulls back to 0.02600–0.02670 without breaking.
Stop loss: 0.02350
TP1: 0.03150
TP2: 0.03550
Based on an entry at 0.02635, the first target’s risk-reward ratio is approximately 1.81:1.
If it does not hold above 0.02670 or it breaks down below 0.02350 first, the plan is invalid.
Control single-trade risk yourself. #合约观察 # trading plan