Trading Plan Short $BICO
$BICO just flushed to the 1h lower BB, signaling bearish expansion.
Entry: $0.0220-$0.0227
Stoploss: $0.0232
Targets: $0.0210 / $0.0195 / $0.0175
BICO took out 0.02102 support yesterday but reclaimed. Now, it's retesting. Funding is extreme negative, shorts are very crowded, ripe for a flush. OI is up 15% on this dump, fresh shorts piling in, but top traders are neutral. This setup targets a squeeze of weak longs. Reclaim $0.0232, short voided.
Trade $BICO here 👇
$BICO just flushed to the 1h lower BB, signaling bearish expansion.
Entry: $0.0220-$0.0227
Stoploss: $0.0232
Targets: $0.0210 / $0.0195 / $0.0175
BICO took out 0.02102 support yesterday but reclaimed. Now, it's retesting. Funding is extreme negative, shorts are very crowded, ripe for a flush. OI is up 15% on this dump, fresh shorts piling in, but top traders are neutral. This setup targets a squeeze of weak longs. Reclaim $0.0232, short voided.
Trade $BICO here 👇