$BICO The outcome is worlds apart from 1000U. Yesterday you chased high at 0.042, now only 678U remains, I bought the dip at 0.0289, with an 8% intraday profit within 30 minutes, I’ve got this wave under control.

First, look at the data showdown: 24h high at 0.0426 down to the low at 0.0281, with an amplitude over 34%, even more volatile than a dog coin.
Trading volume is 165 million U, five times the usual, the main force is shaking out the weak hands, either distributing or accumulating.
Price rebounded from 0.0281 to 0.0289, small steps upward, the bears are starting to weaken.
MACD is at a death cross, RSI is turning up from oversold territory, this is a reversal signal.
My judgment: BICO has strong support around 0.028.
0.0281 is the lowest today, most likely a short-term bottom.
Reason: after crashing to 0.028, volume surged but the price didn’t make a new low, indicating big funds are catching falling knives.
Next rebound target is 0.032-0.035, stop-loss set at 0.0275.
Trading suggestion: at the current price of 0.0289, try a small long position, stop-loss at 0.0275, take profit at 0.032-0.033.
Position size should not exceed 30%, because a 28% drop in 24h is no joke, if it crashes below 0.028 again, your 1000U will be down to 500U.
Conservative traders wait until it breaks above 0.03 before entering, right-side trading.
Choosing the wrong direction will lead to losses: if BICO falls below 0.0275, the next support is at 0.024, your 1000U becomes 600U.
If I follow my strategy, a rebound to 0.032 turns 1000U into 1150U.
Poll: Do you bet BICO will rebound today or continue crashing?
If you pick wrong, don’t blame me. On Gate, the long-short ratio for this coin is 1:3, retail investors haven’t all exited yet.
Remember, I’m the one who called for clearing BICO at 0.0315 in the group, and I’m back now.
Follow me for the next explosive signal. $BICO