$BICO started getting hot after the volume suddenly increased. The price that was previously held below 0.021 has now moved to 0.0247.
On the 1H timeframe, the price spent a long time moving below 0.021. After the breakout, $BICO rose to 0.0247. The most recent pullback still holds above the 0.0225–0.0230 area.
Entry: 0.0232–0.0238
TP1: 0.0248
TP2: 0.0260
SL: 0.0224
Breakout of 0.021–0.022 accompanied by a surge in volume.
The breakout candle reached 0.0243 and after the retracement, the price still holds above 0.023.
OI briefly spiked sharply alongside the breakout, although it was slightly down on the latest reading.
⚠️ Below 0.0224, the setup is invalid.
$BICO is ready to continue to 0.026, or will 0.0248 be the next wall?
On the 1H timeframe, the price spent a long time moving below 0.021. After the breakout, $BICO rose to 0.0247. The most recent pullback still holds above the 0.0225–0.0230 area.
Entry: 0.0232–0.0238
TP1: 0.0248
TP2: 0.0260
SL: 0.0224
Breakout of 0.021–0.022 accompanied by a surge in volume.
The breakout candle reached 0.0243 and after the retracement, the price still holds above 0.023.
OI briefly spiked sharply alongside the breakout, although it was slightly down on the latest reading.
⚠️ Below 0.0224, the setup is invalid.
$BICO is ready to continue to 0.026, or will 0.0248 be the next wall?
