【$BLESS Signal】Short squeeze pullback, betting on a second surge

$BLESS 1H level RSI soared to 85.72, and the 4H level even reached 86.17, indicating buying power is severely overextended. The 4H Bollinger Bands were broken through the upper band by a massive bullish candle, with the price far away from the middle band by 0.0077. Such divergence usually requires technical correction. Market depth shows buy orders account for as much as 29.15%, but active selling pressure is increasing, a typical sign of bulls taking profits before a reversal.

The price has already surged, chasing longs now offers a very poor risk-reward ratio. A more prudent strategy is to wait for a healthy pullback.

🎯Direction: Pullback then go long (place orders)

⚡Entry/Order placement: Place a long order around 0.008216.

🛑Stop loss: 0.006965, a break below this level indicates a deep correction and the breakdown of the bullish structure.

🚀Target 1: 0.013783, the first resistance near the previous high.

🚀Target 2: 0.013838, an extension target after breaking the previous high.

🛡️Trade management: - Execution plan: After the price reaches 0.013783, reduce half of the position to lock in profits, and move the stop loss on the remaining position up to the entry price. If the price fails to rebound and drops directly back to 0.008216, the order will be canceled, and this trade will be abandoned.

Although the 1H MACD is still expanding, the histogram growth is slowing, showing signs of momentum exhaustion. The volume on the last candle of the 4H timeframe surged, but the buy-sell ratio is only 0.5, indicating a balanced state rather than pure bullish dominance, more like a shakeout. Open interest remains stable with no significant withdrawals, suggesting main funds may still be in the market. At this position, the risk-reward balance favors waiting rather than chasing.

Check real-time market 👇 $BLESS
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