BICO lost 53% in a week and just bounced 11%. Dead cat or bottom? Let's look at the data.
🔥 The Setup:
After getting absolutely demolished (-53% weekly), BICO is attempting a recovery. The 4H RSI at 38.7 is still bearish-leaning despite today's bounce. Volume is declining at 0.59x normal — which is the biggest red flag.
📊 Why I'm Cautious:
A 53% weekly drop usually means something fundamental broke. Smart money added $7.2M in net inflows, but the declining volume on this bounce suggests it's short covering, not real buying. Bounces after crashes need VOLUME to be credible.
🎯 What I'd Do:
Strategy: WAIT — no entry until 2-3 consecutive daily closes above $0.025 with expanding volume.
If aggressive: tiny position at $0.018 - $0.021 with stop at $0.015
TP1: $0.028 | TP2: $0.035
Risk/Reward: 1.9:1
This is a "prove it" setup. Let the chart show you the bottom before committing capital.
❓ After a 53% crash, would you buy the bounce or stay away? What's your rule? 👇
#BICO #LayerZero #DYOR
⚠️ This is not financial advice. Crypto is volatile — always do your own research and manage risk accordingly.