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Everyone is chasing longs on BICO while the 1D trend screams bearish.
$BICO /USDT - SHORT
Trade Plan:
Entry: 0.0158122 – 0.0159478
SL: 0.0172913
TP1: 0.0148215
TP2: 0.0141159
TP3: 0.0130574
Why this setup?
RSI on 15m is already oversold at 27.3, but that's a trap in a bearish 1D structure. With 83% confidence on the short bias and 4h timeframe confirming the move, the path of least resistance is down. The entry at 0.01588 targets TP1 at 0.01482 first—that's a 6.7% drop before any bounce.
Debate:
Are you betting on a dead cat bounce here, or do you see a full breakdown to TP3 at 0.01305?
#Get2SharesOfSKHynixAtZeroCost