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$BICO | 1h | Bearish Continuation / Breakdown Retest
Bias: Short
Entry Zone: 0.02040 to 0.02085
Stop Loss: 0.02135
Targets:
TP1: 0.01930
TP2: 0.01835
TP3: 0.01720
Invalidation:
Close above 0.02135
Why This Setup:
I’m looking for a short on a weak bounce back into the local breakdown area after a clear downtrend and repeated lower highs. If price fails to reclaim the 0.0210 area, I expect sellers to defend and push for another liquidity sweep lower.