๐ด $BICO SHORT SETUP โ FLUSHED INTO LOWER BB, RETESTING THE BREAKDOWN ๐ฃ
Entry: 0.0220-0.0227 โก
Target: 0.0210 / 0.0195 / 0.0175 ๐ฏ
Stop Loss: 0.0232 โ ๏ธ
๐ The flush into the 1H lower Bollinger Band confirms genuine bearish expansion โ and yesterday's dip below 0.02102 was only a teaser. Price reclaimed that level, but now it's retesting the same broken support from beneath. That's not strength; that's a repaint before the next leg down.
๐ฃ Funding sits in extreme negative territory while OI climbed 15% as fresh shorts piled into the dump. But the real juice is hanging above โ weak longs who bought the reclaim are about to get squeezed. Top traders remain neutral, meaning this bounce has zero institutional backstop.
๐ Reclaim above 0.0232 voids the entire thesis. Until then, the path of least resistance stays firmly lower. ๐ฌ Did you chase that reclaim, or are you positioned for the flush below? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BICO #ShortSetup #Breakdown #Crypto #Futures
๐ป ๐
Entry: 0.0220-0.0227 โก
Target: 0.0210 / 0.0195 / 0.0175 ๐ฏ
Stop Loss: 0.0232 โ ๏ธ
๐ The flush into the 1H lower Bollinger Band confirms genuine bearish expansion โ and yesterday's dip below 0.02102 was only a teaser. Price reclaimed that level, but now it's retesting the same broken support from beneath. That's not strength; that's a repaint before the next leg down.
๐ฃ Funding sits in extreme negative territory while OI climbed 15% as fresh shorts piled into the dump. But the real juice is hanging above โ weak longs who bought the reclaim are about to get squeezed. Top traders remain neutral, meaning this bounce has zero institutional backstop.
๐ Reclaim above 0.0232 voids the entire thesis. Until then, the path of least resistance stays firmly lower. ๐ฌ Did you chase that reclaim, or are you positioned for the flush below? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BICO #ShortSetup #Breakdown #Crypto #Futures
๐ป ๐