$$BICO 24-hour plunge of 24.76%, dropping straight from 0.0553 to 0.0382, this wave is a confirmation break of the daily upward trend line, with the 0.0394 price just hitting the lower edge of the weekly support zone. The 4-hour MACD has a death cross with increasing divergence, RSI has entered the oversold zone at 28, but no divergence signal is seen, indicating that the bearish momentum has not yet been exhausted. No bottom-fishing signal.

My trading suggestion: short-term rebound to 0.0415-0.0420 for light positions to try shorting, stop loss above 0.0440, first target at 0.0365, if broken, look at 0.0340. If it drops directly to around 0.0365 and a 15-minute bottom divergence appears, it could be a chance for an oversold rebound. Keep position size at 20%, do not hold large positions.

Yesterday I told the group that BICO's head and shoulders top on the daily chart has ended, and those who haven't sold now will find it even harder. This level looks cheap, but when the trend is downward, catching falling knives is better to wait until it stabilizes. Poll: Do you think BICO will retest 0.03? I will call out as soon as the side signals appear. $$BICO 24-hour plunge of 24.76%, with the 0.0382 low approaching the key support level since October last year, but after the 4-hour MACD death cross, the green bars are still expanding, RSI at 28 in oversold area but no divergence formed, indicating the bears are not exhausted. Current price at 0.0394, just hitting the dense trading zone between 0.038 and 0.040.