Technical analysis by aliaezaaz about Symbol BICO: Buy recommendation (3/22/2025)

📌 Market Overview: The price is in a downtrend but showing signs of potential reversal. Currently trading near 0.1264, close to key support (0.1644). The falling wedge/descending channel suggests a possible breakout. RSI bullish divergence indicates weakening bearish pressure. 📈 Trade Plan: Long Position (BUY Setup) 🎯 Entry: At Current Market Price (CMP) ~0.1264 🎯 Take Profit Targets: First Target (Resistance Level): 0.1644 Second Target: 0.22 - 0.25 (Next major resistance) Final Target (Long-term Potential): 0.30 - 0.35 🔻 Stop-Loss: Below 0.1152, as a break below this level invalidates the bullish setup.