$BICO
/USDT Technical Analysis💯🔥
Current Price: $0.3154 (+5.59% 24h change)
Trend: Bullish short-term
Resistance Levels:
1. First Target: $0.3221 (previous 24h high) — a key level to break for further upside.
2. Second Target: $0.3275 — next possible resistance zone.
3. Third Target: $0.3400 — psychological level and next major resistance.
Support Levels:
First Support: $0.3000 (24h low)
Second Support: $0.2900 — holding this level will keep the bullish momentum intact.
Momentum:
The price is showing strong upward movement with a recent uptick of 5.59%, indicating buying pressure.
RSI indicates strong bullish momentum, suggesting potential continuation towards target levels, provided the support holds.
Trade Signal
Buy Zone: Near current price ($0.3154), with potential pullback to $0.3000.
Target Levels:
1. $0.3221
2. $0.3275
3. $0.3400
Stop Loss: Below $0.2900 for risk management.
The overall momentum is in favor of bulls, and as long as the support levels hold, a bullish breakout towards higher targets is expected. Consider setting a stop loss just below critical support for safety.
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