📢 $BICO / $USDT | 🔴 SHORT | ⭐ 70.8%
🎯 Target: $0.01816. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02016
🛑 Stop Loss: $0.02136
🏁 TP1: $0.01816
🏁 TP2: $0.01776
🏁 TP3: $0.01696
📉 Analysis:
The structure of $BICO / $USDT shows a fully bearish alignment across all timeframes, with an ADX of 22.59 confirming the start of a trend with moderate strength. The RSI at 34.93 (a momentum indicator suggesting oversold conditions without reversal) and the bearish MACD cross (divergence that confirms negative momentum) validate sustained selling pressure below the POC at $0.023082.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The bearish thesis remains as long as price does not reclaim the EMA20, located at $0.0215, which acts as the immediate dynamic ceiling. The volume break of support at $0.01981 will be the key catalyst to pursue the downside targets outlined.
Do you think the triple-bottom structure will manage to stop the current bearish momentum?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #BICO #trading #Futures #Bearish
🎯 Target: $0.01816. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.02016
🛑 Stop Loss: $0.02136
🏁 TP1: $0.01816
🏁 TP2: $0.01776
🏁 TP3: $0.01696
📉 Analysis:
The structure of $BICO / $USDT shows a fully bearish alignment across all timeframes, with an ADX of 22.59 confirming the start of a trend with moderate strength. The RSI at 34.93 (a momentum indicator suggesting oversold conditions without reversal) and the bearish MACD cross (divergence that confirms negative momentum) validate sustained selling pressure below the POC at $0.023082.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The bearish thesis remains as long as price does not reclaim the EMA20, located at $0.0215, which acts as the immediate dynamic ceiling. The volume break of support at $0.01981 will be the key catalyst to pursue the downside targets outlined.
Do you think the triple-bottom structure will manage to stop the current bearish momentum?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #BICO #trading #Futures #Bearish