BICO is battling a decisive break below its recent swing low, and the market’s attention is shifting to a potential downtrend. Liquidity hunters are already sweeping the last 3% of price, setting the stage for a sharp move.
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$BICO SHORT 📉
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📍 Entry Range: $0.022268 – $0.022312
🛑 Stop Loss: $0.022959 (-3.0%)
🎯 TP1: $0.021956 (+1.5%)
🏆 TP2: $0.021175 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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The CHoCH on the 1‑hour chart opened a bearish structure while the CVD turned negative, confirming sellers are in control. A fresh FVG aligns with an OB that just held, and a liquidity sweep ripped through the previous swing high, creating a POI where the OB and FVG overlap. This confluence points to a short bias with a 1:1.7 reward‑to‑risk ratio.
A 3.0% stop is tight on a 5‑minute swing, so keep leverage modest, around 3‑5×.
Take half profit near the first target as the price approaches the next minor support.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$BICO #BICOUSDT #Bitcoin #TradingSignals #Write2Earn