$BICO/USDT TECHNICAL ANALYSIS: BULLISH REVERSAL EXPECTED $BICO

​MARKET OVERVIEW

​The chart indicates a healthy retracement following a sharp impulsive move toward the 0.0250 resistance zone. After a period of cooling off, the price is currently stabilizing near a historical support level. The moving average is flattening out, suggesting that the downward momentum is exhausting and a secondary bullish wave is brewing.

​TECHNICAL SETUP

​$BICO is forming a potential "higher low" structure on the timeframe. A successful defense of the current support zone will confirm a trend continuation, aiming to reclaim the previous daily highs. Increased volume at these levels suggests accumulation by buyers.

​TRADING TARGETS

​TARGET 1: 0.0228

​TARGET 2: 0.0242

​TARGET 3: 0.0255

​STOP LOSS: 0.0192

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