BICO is down 24.9% – but I'm not panicking yet."
BICO at $0.0395. Down 24.9% in 24 hours.
This is a coin with real fundamentals – it's an infrastructure project that's been around for a while. When a coin like this drops, it's worth paying attention.
The question is: is this a buying opportunity or the start of something worse?
I look at the chart and I see a coin that's been in a downtrend, but this drop might be an overshoot. The RSI is probably oversold, and there's a chance we see a relief bounce.
What I'm thinking:
· If you're looking for a bounce: 0.038 – 0.0395
· Stop: 0.036
· Targets: 0.042 → 0.045 → 0.048
But if $0.036 breaks, I'd step aside. That would signal more downside.
Not financial advice. This is just my perspective
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