LA_Designer

BICO: The Rise and Fall

Short
FTX:BICOUSD   Biconomy / USD
BICO just released on multiple exchanges on December 1, 2021. Within its first day, it had just over a $1B market cap reaching a price of $23. The next day, it quickly dumped to just under $9.

I would say it bottoms near $7 - $8 before any bullish reversal. If that doesn't hold, then I wouldn't be able to provide any additional info on this since we have no previous data.

This is not financial advice. These are just my ideas and opinions.
Comment: The .786 failed to hold. Even though it's still slightly below it, there are too many uncertainties with this asset for now since we have no data to go by. Be cautious trading this.
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