$BICO Retesting Key Support After a 42% Surge — Bulls Targeting the Next Breakout Wave
Long $BICO
• Entry: 0.0510 – 0.0540
• Stop Loss: 0.0480
Targets:
• TP1: 0.0595
• TP2: 0.0650
• TP3: 0.0700+
BICO is showing impressive strength after delivering a powerful rally of more than 42% in just two days, reaching a local high near 0.0665. Following such an explosive move, the current retracement toward the 0.0530 support region appears to be a textbook healthy correction rather than a trend reversal.
The pullback has successfully flushed out late long positions while bringing price back into a key breakout-retest zone where buyers previously stepped in aggressively. At the same time, selling volume is gradually declining compared to the strong buying volume that fueled the initial breakout, suggesting that bearish momentum may be losing strength.
The bullish outlook remains intact as long as BICO holds above the 0.0480 invalidation level. A successful defense of the current support area could trigger the next impulsive move higher, with bulls targeting a retest of recent highs and potential expansion toward new short-term highs.
Manage risk carefully and watch for increasing volume confirmation as price attempts to rebound from support.
Trade $BICO here 👇🏻
