📊 Technical Analysis 2H: Compression Structures and Key Zones at
$BICO Hello, community! 👋 We analyze the market’s recent behavior on the 2-hour timeframe. After significant corrections from local highs, prices are reacting in key support zones. Review the current structures:
2️⃣ Biconomy (
$BICO ) – Consolidation at Lows and RSI Divergence
$BICO bounced from its recent low at 0.01121 USDT and is currently compressed right between the short moving averages.
Current Price: ~0.01173 USDT
Local Support: 0.01121 USDT
Immediate Resistance: 0.01257 USDT (MA99)
Scenario: A bullish crossover stands out on the short RSI (RSI 6 around ~52.36), suggesting incoming buy-side volume after the liquidity sweep. If it can hold above 0.01165 USDT (MA25), it would likely test the MA99 near 0.01257 USDT.
⚠️ Disclaimer: Educational content. Not financial advice. Always manage your risk.
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