exchanges are offloading their tokens same like $DRIFT market makers were doing
CryptoHumble
·
--
Bearish
Anyone watching $BICO ? It's down -205.67% from recent local top with a 4h RSI at 20.85 (Oversold). Could be a perfect setup for a quick relief bounce or rugpull by indian team of scammers and watch the price action.
$LAB has pure capacity to go towards 28$ or more if your liquidation price is near that comment below maybe i can guide you with best possible steps 👣👣
Anyone watching $BICO ? It's down -205.67% from recent local top with a 4h RSI at 20.85 (Oversold). Could be a perfect setup for a quick relief bounce or rugpull by indian team of scammers and watch the price action.
When funding turns this negative, it tells us one thing:
📉 Traders are aggressively betting against these tokens.
But here's where it gets interesting...
History has shown that when everyone crowds into the same trade, the market often does the opposite.
That doesn't guarantee a pump.
However, if buyers step in and momentum returns, these heavily shorted coins could become candidates for a short squeeze, forcing bears to buy back at higher prices.
📌 What I'm watching: ✅ Funding Rate ✅ Open Interest ✅ Volume Confirmation ✅ Break of Key Resistance
Remember:
Negative funding is NOT a buy signal. It's simply a warning that positioning has become extremely one-sided.
The best trades come when price action confirms what the data is hinting at.
$BICO 🚨 just showed why traders should never chase vertical pumps.
🐻🐻🐻 are the king always
The weekly chart tells a clear story: 📈 Price exploded from the lows and touched $0.0665.
📉 Then sellers stepped in and erased most of the gains.
This isn't the type of candle bulls want to see. Why I'm cautious:
❌ Massive upper wick rejection ❌ Long/Short Ratio turning lower ❌ Buyers failed to hold breakout levels ❌ Signs of distribution after a high-volume spike
The biggest warning sign?
Volume surged to extreme levels while price couldn't maintain higher levels.
That's often where smart money takes profits while retail traders FOMO in.
Trading Bias: BEARISH 🎯 Support 1: $0.020 🎯 Support 2: $0.017 🎯 Support 3: no support 😂😂
Unless #bico can reclaim the $0.030-$0.040 zone and hold it with strong volume, this move looks more like a liquidity grab than the start of a sustainable bull trend.
Remember:
Not every pump is accumulation. Sometimes it's distribution in disguise.
What's your take? $ETH is also fucking from last cycle
🐂 Bullish retest 🐻 Bull trap 👀 Waiting for confirmation
$BICO 🚨 just showed why traders should never chase vertical pumps.
🐻🐻🐻 are the king always
The weekly chart tells a clear story: 📈 Price exploded from the lows and touched $0.0665.
📉 Then sellers stepped in and erased most of the gains.
This isn't the type of candle bulls want to see. Why I'm cautious:
❌ Massive upper wick rejection ❌ Long/Short Ratio turning lower ❌ Buyers failed to hold breakout levels ❌ Signs of distribution after a high-volume spike
The biggest warning sign?
Volume surged to extreme levels while price couldn't maintain higher levels.
That's often where smart money takes profits while retail traders FOMO in.
Trading Bias: BEARISH 🎯 Support 1: $0.020 🎯 Support 2: $0.017 🎯 Support 3: no support 😂😂
Unless #bico can reclaim the $0.030-$0.040 zone and hold it with strong volume, this move looks more like a liquidity grab than the start of a sustainable bull trend.
Remember:
Not every pump is accumulation. Sometimes it's distribution in disguise.
What's your take? $ETH is also fucking from last cycle
🐂 Bullish retest 🐻 Bull trap 👀 Waiting for confirmation