Sky’s down, look at this chart $BICO m and I swear I feel like going into depression already. Falling this hard—long-term holders must be crying in Manc language by now 💀
On the weekly (1W) timeframe, it really is like a “waterfall.” RSI 46.3 is sluggish, and right now all we can do is pray it holds the support level at 0.0112, otherwise it’ll truly be bye-bye. Moving to the 15M timeframe, price at 0.0203 is trying to inch up; MA7 and MA25 are tightly intertwined around 0.0197, which also looks like it might be preparing a rebound. RSI 61.7 is holding up okay too. But then you look again at the MA99 line at 0.0213 and you can literally see that “wall” standing there—plus a sell-off Volume of over $4 million. Yeah, the bears are definitely causing chaos 🤡
Honestly, jumping into a Long here is likely to turn you into a “brand-new welcome mat” for the whales to eat. I’m choosing the patient side: either Short it briefly when it hits resistance at 0.0213, or wait all the way down to the bottom at 0.0112 before buying. Otherwise, entering now is like getting your hands cut—easy to lose 💸
And you guys—are you going to “catch a falling knife,” or stand aside and watch the drama unfold? Comment and tell me who’s still holding the top! 🍻
$BICO #Write2Earn #BinanceSquare (DYOR & NFA)
On the weekly (1W) timeframe, it really is like a “waterfall.” RSI 46.3 is sluggish, and right now all we can do is pray it holds the support level at 0.0112, otherwise it’ll truly be bye-bye. Moving to the 15M timeframe, price at 0.0203 is trying to inch up; MA7 and MA25 are tightly intertwined around 0.0197, which also looks like it might be preparing a rebound. RSI 61.7 is holding up okay too. But then you look again at the MA99 line at 0.0213 and you can literally see that “wall” standing there—plus a sell-off Volume of over $4 million. Yeah, the bears are definitely causing chaos 🤡
Honestly, jumping into a Long here is likely to turn you into a “brand-new welcome mat” for the whales to eat. I’m choosing the patient side: either Short it briefly when it hits resistance at 0.0213, or wait all the way down to the bottom at 0.0112 before buying. Otherwise, entering now is like getting your hands cut—easy to lose 💸
And you guys—are you going to “catch a falling knife,” or stand aside and watch the drama unfold? Comment and tell me who’s still holding the top! 🍻
$BICO #Write2Earn #BinanceSquare (DYOR & NFA)