đ $BICO is showing its first real signs of a trend reversal on the 4H chart.
After weeks of grinding lower, buyers have finally stepped in with conviction.
The latest impulse has pushed price above the Supertrend and reclaimed both the 7 MA and the 25 MA, which is the strongest bullish signal BICO has printed in weeks.
What's even more interesting is that this move came after defending the $0.0112 demand zone multiple times. That tells me buyers were quietly accumulating before this breakout.
đ Key levels to watch
đą Support: $0.0127â$0.0133
As long as BICO holds above this zone, bulls keep the short-term advantage.
đŽ Resistance: $0.0189â$0.0207
This is the next major supply area. A clean 4H close above it could shift medium-term momentum and attract fresh buyers.
đ Chart outlook
The trend is improving, but one candle doesn't make a new market. What bulls need now is follow-through volume and a series of higher highs and higher lows.
If volume fades quickly, expect a retest of support before the next move.
â ïž NFA. Manage your risk and avoid chasing extended candles.
#Cryptotrading #Blockchain #Biconomy #Altcoins #DEFÄ°
After weeks of grinding lower, buyers have finally stepped in with conviction.
The latest impulse has pushed price above the Supertrend and reclaimed both the 7 MA and the 25 MA, which is the strongest bullish signal BICO has printed in weeks.
What's even more interesting is that this move came after defending the $0.0112 demand zone multiple times. That tells me buyers were quietly accumulating before this breakout.
đ Key levels to watch
đą Support: $0.0127â$0.0133
As long as BICO holds above this zone, bulls keep the short-term advantage.
đŽ Resistance: $0.0189â$0.0207
This is the next major supply area. A clean 4H close above it could shift medium-term momentum and attract fresh buyers.
đ Chart outlook
The trend is improving, but one candle doesn't make a new market. What bulls need now is follow-through volume and a series of higher highs and higher lows.
If volume fades quickly, expect a retest of support before the next move.
â ïž NFA. Manage your risk and avoid chasing extended candles.
#Cryptotrading #Blockchain #Biconomy #Altcoins #DEFÄ°