$BICO (1h) - Supply Zone Rejection


Bias: Short
Entry (Zone): 0.0280 - 0.0290
Targets:
TP1: 0.0262
TP2: 0.0254
TP3: 0.0243
Stop Loss: 0.0302
Why this Setup:
I’m looking for a short here because price has only produced a corrective bounce after a sharp selloff, and it’s pressing back into prior supply near the recent highs. I want to fade any weak retest of resistance and look for continuation toward the lower liquidity levels if buyers fail to reclaim the area above 0.0300.
BICO-32.06%
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