BICOUSDT is indicating a bullish divergence on the 1H timeframe, suggesting a potential reversal. With the breakout above the lower high and the formation of a higher high, bullish momentum is anticipated. Entry at the current price with a stop loss of $0.3320 is recommended. TP1 is set at $0.3650 and TP2 at $0.38, aiming for a 1:1 and 1:2 risk-reward ratio respectively. Consider adjusting the stop loss to break even after reaching TP1.
Technical Analysis: BICOUSDT
Timeframe: 1-hour (1H)
Signal: Bullish Divergence
Current Price: $0.35
Entry: Instant @ $0.35
Stop Loss: @ $0.3320
Take Profit (TP):
TP1: $0.3650 (1:1 Risk-Reward Ratio)
TP2: $0.38 (1:2 Risk-Reward Ratio)
Trade Management: Adjust Stop Loss to Breakeven after reaching TP1
Technical Analysis: BICOUSDT
Timeframe: 1-hour (1H)
Signal: Bullish Divergence
Current Price: $0.35
Entry: Instant @ $0.35
Stop Loss: @ $0.3320
Take Profit (TP):
TP1: $0.3650 (1:1 Risk-Reward Ratio)
TP2: $0.38 (1:2 Risk-Reward Ratio)
Trade Management: Adjust Stop Loss to Breakeven after reaching TP1
Trade closed: stop reached