$BICO : Open a solid SHORT due to a bearish trend.
BICO is clearly in a bearish trend, with the price trading below the MA99 on 1h and the MA25 on 15m. The recent consolidation near the 0.02233 minimum suggests a possible continuation of the breakout, since the negative funding rate of -0.2017% indicates an aggressive short position.
Entry: 0.02274 – 0.02324
Stop Loss: 0.02417
TP1: 0.02166
TP2: 0.02060
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BICO is clearly in a bearish trend, with the price trading below the MA99 on 1h and the MA25 on 15m. The recent consolidation near the 0.02233 minimum suggests a possible continuation of the breakout, since the negative funding rate of -0.2017% indicates an aggressive short position.
Entry: 0.02274 – 0.02324
Stop Loss: 0.02417
TP1: 0.02166
TP2: 0.02060
Click here to trade 👇