$BICO /USDT – Weak Bounce, Possible Downside Ahead

Current Price: $0.1236 (+1.90%)

24h High: $0.1362

24h Low: $0.1212

$BICO is struggling to maintain upside momentum after facing rejection near the $0.1280–$0.1300 resistance. Price is trading below all key moving averages (MA7, MA25, MA99), and volume is declining — a classic sign of a weak bullish attempt.

📤 Entry (Short Zone): $0.1240 – $0.1270

🎯 Target 1: $0.1200

🎯 Target 2: $0.1165

🎯 Final Target: $0.1110

🛑 Stop Loss: $0.1295

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Pro Tip: A candle close below $0.1210 with volume spike = strong bearish confirmation. Weak buyer follow-up + resistance zone = potential sell-off.

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Why This Setup is Bearish:

Rejected from MA cluster.

Lower highs forming on intraday chart.

Volume fading on up moves — no demand confirmation.

Support at $0.1210 is weak — break could trigger stop hunts.

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