🚨 Watch out for BICO/USDT! 🔥 The price of BICO is showing a downward movement of -5.93%, trading around $0.0999. Clearly, we are in a downtrend, with the price below the moving averages.
The taker selling volume has been dominant in the last few minutes, suggesting strong selling pressure. If the price fails to consolidate above $0.0998 (24h low), we could see a continuation of the decline. This movement could be a good opportunity for a speculative short, looking for a new low or an accumulation zone at lower levels.
The long/short ratio is quite balanced, indicating indecision in the market, but the taker selling volume and the price drop suggest that sellers are in control for now. Risk management is KEY here!
