$BICO /USDT – SHORT TRADE SIGNAL AFTER REJECTION FROM LOCAL HIGH
BEARISH ENGULFING FROM $0.1302
FAILED TO HOLD ABOVE $0.1186 SUPPORT
$BICO broke down sharply after rejecting from the $0.1302 high, forming a bearish engulfing pattern and losing the $0.1186 support. The current lower high structure points toward continuation to the downside. Bearish momentum remains dominant as long as the price stays below $0.1186.
Trade Setup:
• Entry: $0.1165 – $0.1175
• Targets:
• TP1: $0.1120
• TP2: $0.1075
• TP3: $0.1005
• Stop Loss: Above $0.1188
Outlook: As long as $BICO remains below $0.1186, further downside pressure is expected with sellers targeting previous demand levels.
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