$BICO
USDT BEARISH REJECTION SETUP SIGNALING DOWNSIDE MOVE
Price is facing strong resistance near the recent high zone, with multiple rejections indicating seller dominance. The structure shows weakening momentum after a sharp push up, suggesting a potential lower high formation. If price fails to break above resistance and loses immediate support, a downside move is likely.
Short Entry: Below 0.0270
Targets (TP): 0.0260 / 0.0250 / 0.0240
Stop Loss (SL): 0.0283
A breakout above resistance invalidates the bearish setup and shifts momentum back to buyers.
Risk Management:
Limit risk to 1–2% per trade, maintain proper position sizing, and adjust stop loss to breakeven once the first target is achieved.
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