🚨 TRADE SIGNAL: BICO/USDT (4H Timeframe)

BICO has gone full parabolic with a vertical +57.52% pump, tapping a local high of 0.0449. However, the RSI(6) is screaming overbought at a blistering 85.81, indicating that the initial momentum is overextended on the 4-hour chart and ripe for a cool-off or mean-reversion play.

Below is a technical short setup targeting a healthy retracement to previous liquidity zones.

📉 Short Position Setup

Entry Zone: 0.0419 – 0.0435 (Current market price up to the recent peak shadow)

Take Profit 1 (TP1): 0.0341 (First key minor support cluster)

Take Profit 2 (TP2): 0.0281 (Major breakout retest level)

Stop Loss (SL): 0.0465 (Placed safely above the 24h high of 0.0449 to avoid stop-hunts)

$BICO

BICO

0.0499

+16.86%

$RE $BEL

BEL

0.143

-17.62%