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$BICO (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.0618 - 0.0642
Targets:
TP1: 0.0589
TP2: 0.0567
TP3: 0.0548
Stop Loss: 0.0661
Why this Setup:
I see price stalling after a sharp impulsive move and I want to fade the first clear rejection into overhead supply. I’m looking for a move back toward the nearest support pockets if buyers fail to reclaim the recent highs.