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$BICO (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.0430 - 0.0442
Targets:
TP1: 0.0416
TP2: 0.0404
TP3: 0.0391
Stop Loss: 0.0467
Why this Setup:
I see price losing momentum after a sharp impulse and now retesting a nearby resistance area. I want to short any failed recovery below that zone, with downside likely to rotate back toward the prior intraday lows and lower liquidity.