Here is a brief technical analysis of the BICO/USDT perpetual futures chart on Binance, with a 1-minute timeframe:

1. Current trend:

The price is clearly in a downtrend.

The moving averages MA(7), MA(25), and MA(99) are aligned in descending order (MA(7) < MA(25) < MA(99)), which confirms weakness in the price.

A recent high was formed at 0.1179 and from there it has consistently fallen to 0.1162.

2. Pattern and price action:

The last candle shows that immediate support at 0.1162 is being tested.

There are no clear signs of reversal (such as a hammer, doji, or unusually high volume).

3. Volume and orders:

The order book shows greater selling pressure at nearby levels (0.1167 to 0.1170).

Buy orders have higher volume only at 0.1162, which could act as support in the very short term.

4. Conclusion and recommendation:

Given the context:

It is not advisable to buy (Long) at this moment. There is no signal of trend change or recovery.

A sale (Short) could be considered if support at 0.1162 is broken with confirmation, aiming for a move towards 0.1160 or lower.

Suggested strategy:

Wait for confirmation of a break below 0.1162 for a Short.

If a reversal candle with volume forms, then reevaluate the possibility of a technical bounce (Long).