🚨 $BICO just collapsed to a fresh all-time low — the failed June rally was a trap and sellers are still in full control.
$BICO $0.01547 Short TP $0.01500 SL $0.01578
The pump to $0.12 in mid-June was a textbook dead cat bounce — $BICO has now retraced 87% back to ATL with $15.9M volume (90% of market cap), confirming relentless distribution with every rally sold into.
Price is making lower highs since June 20 and just broke below the previous ATL with no support structure beneath — momentum and volume both confirm bears remain in command.
DYOR
$BICO $0.01547 Short TP $0.01500 SL $0.01578
The pump to $0.12 in mid-June was a textbook dead cat bounce — $BICO has now retraced 87% back to ATL with $15.9M volume (90% of market cap), confirming relentless distribution with every rally sold into.
Price is making lower highs since June 20 and just broke below the previous ATL with no support structure beneath — momentum and volume both confirm bears remain in command.
DYOR