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$BICO (1h) - Supply Rejection Short
Bias: Short
Entry (Zone): 0.0352 - 0.0362
Targets:
TP1: 0.0338
TP2: 0.0326
TP3: 0.0312
Stop Loss: 0.0379
Why this Setup:
I’m watching for a rejection after the impulsive move into resistance, since price is extending into an area where the rally has already started to stall. I want a failed push above the recent highs to confirm sellers are still defending this zone, with room for a rotation back toward nearby liquidity below.