Is $BICO deliberately testing the patience of the guys by constantly hovering around the old bottom area? Just look at how it’s been “on fire” with +4.8% over the past 24 hours—many people will probably already have shaky hands as they hit the panic-sell button, fearing it will DUMP down into the ground.
Take a closer look at the technical data to see that going red doesn’t automatically mean there’s no hope left:
🔹 15-minute timeframe: Price is around $0.0190, below the MA(20) at 0.0193 and right beside the EMA(9) at 0.0191. The sellers have a slight short-term advantage, but there’s no strong sell-off pressure yet.
🔹 1-hour timeframe: Similar story—MA(20) and EMA(9) are squeezed tightly around 0.0190–0.0191. This suggests that $BICO is accumulating within an extremely tight range. The market is compressing; it only takes one volume push for a big move.
From my own experience, this is the phase where the “house” is shaking out the weak-hearted players. Instead of rushing in to chase the top when it turns green, I actually prefer this kind of mild red with liquidity drying up.
My setup for this coin is as follows:
🎯 Position: Gentle LONG.
🎯 Entry zone: I’ll accumulate gradually in the 0.0188–0.0190 area.
🎯 Take profit (TP): I expect a short-term bounce back to around 0.0205, and further out to 0.0215.
🎯 Stop loss (SL): Tight at 0.0182. If it breaks through this zone, the recovery structure will be invalidated—so the best move is to step out of the game.
Don’t forget, this market isn’t for the impatient. What do you think, guys—will $BICO stage a reversal, or will it keep digging for the bottom?
#CryptoTrading #Altcoin
Note: This is my personal perspective, not investment advice. Trading always comes with risks (DYOR).
Take a closer look at the technical data to see that going red doesn’t automatically mean there’s no hope left:
🔹 15-minute timeframe: Price is around $0.0190, below the MA(20) at 0.0193 and right beside the EMA(9) at 0.0191. The sellers have a slight short-term advantage, but there’s no strong sell-off pressure yet.
🔹 1-hour timeframe: Similar story—MA(20) and EMA(9) are squeezed tightly around 0.0190–0.0191. This suggests that $BICO is accumulating within an extremely tight range. The market is compressing; it only takes one volume push for a big move.
From my own experience, this is the phase where the “house” is shaking out the weak-hearted players. Instead of rushing in to chase the top when it turns green, I actually prefer this kind of mild red with liquidity drying up.
My setup for this coin is as follows:
🎯 Position: Gentle LONG.
🎯 Entry zone: I’ll accumulate gradually in the 0.0188–0.0190 area.
🎯 Take profit (TP): I expect a short-term bounce back to around 0.0205, and further out to 0.0215.
🎯 Stop loss (SL): Tight at 0.0182. If it breaks through this zone, the recovery structure will be invalidated—so the best move is to step out of the game.
Don’t forget, this market isn’t for the impatient. What do you think, guys—will $BICO stage a reversal, or will it keep digging for the bottom?
#CryptoTrading #Altcoin
Note: This is my personal perspective, not investment advice. Trading always comes with risks (DYOR).