$BICO
🔻 BICOUSDT Short Setup (1H – Binance Perpetual)
Entry: ~0.1036 (Confirmed breakdown from BOS)
Stop Loss (SL): 0.1056 (Just above recent supply zone / order block)
Target (TP):
TP1: 0.1019 (minor reaction zone)
TP2: 0.0990 (liquidity sweep zone)
TP3: 0.0944 (volume imbalance + demand zone)
📊 Structure Observations:
ChoCH & BOS: Price broke below structure indicating bearish momentum.
Supply Zone: Rejection from prior supply at 0.105x levels.
Volume Profile: Heavy volume during drop, followed by weaker buying pressure on consolidation.
Stochastic RSI: Ticking downward, suggesting further downside pressure.
⚠️ Disclaimer
This chart analysis is for educational and informational purposes only and does not constitute financial advice. Always manage your risk and do your own research before trading.