The $BICO /USDT pair on the 15-minute chart is currently trading at 0.2498, reflecting a daily increase of 15.59%. Despite this gain, BICO is displaying signs of consolidation after reaching a high of 0.2749 and pulling back.
The immediate resistance level is at 0.2650, which BICO must break to confirm a bullish continuation.
If BICO surpasses this resistance, it may attract additional buyers and push towards new highs. On the downside, the support level stands at 0.2443, which provides a safety net; maintaining above this level is crucial for sustaining upward momentum.
Traders might consider an entry around the current price, with take-profit targets set at 0.2580 (TP1), 0.2700 (TP2), and 0.2800 (TP3) to capture potential upward moves.
A stop-loss (SL) near 0.2400 is advisable to limit losses in case of an unexpected drop. This approach balances potential gains with risk management, making it suitable for the current market scenario.
