$BICO /USDT

🔍 BICO/USDT Trade Setup

Current Price: $0.0878

Daily Change: -5.08%

24h High/Low: $0.0933 / $0.0868

Volume: ~$490K USDT — moderate liquidity

📉 Market Snapshot

🔻 Bearish Intraday Pressure

Price is hugging the 24h low zone — currently just above $0.0868.

Strong drop today with no bounce yet.

Implies either a breakdown or short-term reversal if buyers defend this zone.

📊 Key Levels

✅ Support Zones:

$0.0865–$0.0870 – Immediate support (current zone)

$0.0850–$0.0800 – Stronger historical support area

🔼 Resistance Zones:

$0.0905 – Local resistance (near 15m order block)

$0.0933 – 24h high and breakout point

$0.0954 / $0.0992 – Swing resistance (for recovery plays)

📈 Trade Ideas

✅ LONG Setup (Reversal from Key Support)

Valid only if price shows bullish confirmation (hammer or engulfing + RSI divergence on 15m).

Entry: $0.0870–$0.0880

Stop Loss: $0.0845

Take Profit 1: $0.0905

Take Profit 2: $0.0930

R:R: ~1:2+

📌 Confirmation Signals:

RSI < 30 (oversold)

Volume spike or MACD cross

Price holds above $0.0868

❌ SHORT Setup (Breakdown Continuation)

Valid if $0.0865 breaks down with strong candle + volume.

Entry: $0.0858–$0.0865

Stop Loss: $0.0882

Take Profit 1: $0.0830

Take Profit 2: $0.0805

R:R: 1:2+

📌 Confirmation Signals:

Breakdown candle (body > wick)

EMA 9/21 bearish crossover on 15m

Volume > average red bar

📌 Quick Strategy Table

Setup TypeEntryStop LossTake Profit 1Take Profit 2Long$0.0870$0.0845$0.0905$0.0930Short$0.0858$0.0882$0.0830$0.0805

🧠 Bonus Tips

Low liquidity: Don’t oversize — slippage risk.

Wait for confirmation: Avoid pre-emptive trades unless you're scalping.

Monitor BTC/ETH direction — BICO often reacts to broader market sentiment.

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