⚡ $BICO Long Liquidation Alert! ⚡
A $5,612.2 long liquidation just happened at $0.38793! Bulls got trapped, but this could open up a fresh opportunity for sharp traders. The market is heating up—what’s next for $BICO ?
What’s Next for $BICO ?
Buy Zone:
Consider entering around $0.375 - $0.385, where demand might increase after the long liquidation shakeout.
Target Zones:
1. First Target: $0.400 (short-term recovery zone)
2. Second Target: $0.420 (strong resistance level)
3. Third Target: $0.450 (medium-term breakout target)
Stop Loss:
Set your stop loss below $0.365 to protect against further downside risk if the selling pressure continues.
Market Sentiment:
Bearish Pressure: Long liquidation shows weak bullish momentum, but it might reverse if buying interest builds near $0.375.
Opportunity: If the price holds the buy zone, we might see a recovery rally fueled by bargain hunters.
Key Tip: Keep an eye on trading volume! A breakout above $0.400 with high volume could confirm a trend reversal. If volume remains low, patience will be key.
Trade Smart, Stay Alert! Don’t let emotions rule your decisions—let the market guide you!
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