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$BICO is doing something very sneaky right now and most people are going to miss it.
The chart has been in a clear recovery mode since we hit that bottom at 0.0184. We’ve managed to put in a series of higher lows, and today’s candle is actually showing some decent strength as it pushes back into the 0.024 range.
If we can flip 0.0244 from resistance to support, the path toward 0.0272 looks wide open. The volume is picking up slightly, which suggests there’s real interest here rather than just a random spike.
The order book is showing some heavy sell walls at 0.0249, so it might take a bit of a fight to get through that. If we fail to hold 0.0238, I’d expect a quick retest of the lower support around 0.0218.
Definitely one to keep on the watchlist for the next few hours. Let's see if the momentum holds.
#GateSquareAprilPostingChallenge