๐ฅ
$BICO Showing Strong Recovery โ Breakout or Bull Trap?
๐ Timeframe: 1H
๐ Market Bias: Bullish (Cautiously Bullish)
๐ฏ Trade Setup (LONG)
Entry Zone: 0.0163โ0.0166 (or on a successful retest)
Stop Loss: 0.0149
TP1: 0.0174
TP2: 0.0182
TP3: 0.0189
Risk:Reward: ~1:2.5
Trade Invalidation: A sustained close below 0.0149 weakens the bullish setup.
๐ Technical Analysis
โ
Strong impulsive rally followed by a healthy pullback and rebound.
โ
MA(7) remains above MA(25), showing short-term bullish momentum.
โ
Price is trading above MA(99), supporting the medium-term trend.
โ
Volume expanded during the breakout, indicating genuine buying interest.
โ
SMC: Liquidity above recent highs has been partially swept; continuation depends on holding the pullback.
โ
Resistance: 0.0174โ0.0189
โ
Support: 0.0158โ0.0160
โ ๏ธ No clear high-probability bearish FVG is visible from this screenshot alone.
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