$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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