$BICO experienced a long liquidation event as leveraged bullish positions were forced to close, triggering automatic market sells and increasing short-term downside pressure

The $1.6023K long liquidation at $0.05249 reflects a localized leverage flush, removing overextended long exposure and pushing price into a critical support region

EP
0.0515 - 0.0530

TP
TP1 0.0555
TP2 0.0590
TP3 0.0630

SL
0.0495

Liquidity was swept below recent support levels, forcing weaker long positions out of the market and helping reset excessive leverage that had accumulated during previous price advances

The liquidation event appears relatively modest in size, suggesting the move is primarily a short-term leverage reset rather than confirmation of a broader bearish trend reversal

Current price action places the 0.0510 - 0.0525 region as a key demand zone where buyers will need to defend support to stabilize momentum

As long as higher lows begin forming above support, the probability of a recovery toward nearby resistance levels remains favorable

A successful reclaim of 0.0555 could attract fresh buying interest and open the path toward the next liquidity targets near 0.0590 and 0.0630

The leverage reset has cleared weaker hands from the market and created a healthier trading environment, reducing the risk of excessive positioning in the near term

Traders will be closely watching whether $BICO can rebuild strength from current levels and transition back into an accumulation phase

Let's go $BICO ‌