Biconomy (BICO)On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?
1) RSI and price action resistance breakout.
2) Multiple oscillators print bullish divergence across a 3-month period.
3) Seller weakness. Notice the long candle wick into seller territory?
4) Price action prints support on past resistance. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere.