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【$BLESS Signal】Waiting for a callback, sniping the fish body
$BLESS 1H level violent surge followed by high-level consolidation, 4H Bollinger Bands fully expanded, upper band at 0.0118 has been broken through. RSI on 1H is at 68.82, on 4H surged to 85.06, buying pressure is greatly depleted in the short term. MACD double-cycle histogram is still expanding, but 1-hour volume has shrunk after a huge volume, indicating signs of high-level turnover.
Price repeatedly tests around 0.013, and sell orders above are starting to accumulate. The risk of chasing high at this position is sharply increased, and the risk-reward ratio is not favorable. Wait for a decent pullback; the support zones are the EMA20 at 0.0086 below and the upper band of the 4H Bollinger at 0.0118, which are ideal for setting up.
🎯Direction: Pullback pending order to go long
⚡Entry/Order: Between 0.008617 and 0.012999, prioritize around 0.0118
🛑Stop loss: 0.007164
🚀Target 1: 0.013056
🚀Target 2: 0.013108
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.
Order book imbalance is 3.1%, funding rate is 0.079%, relatively high, indicating bullish sentiment is still exuberant, but this also sets the stage for subsequent rate squeeze. Position volume remains stable, with no collapse caused by profit-taking, suggesting main funds may still be in the market. The core of the current strategy is to abandon the head and tail of the fish, only eating the safest middle part of the fish, trading space for certainty.
Check real-time market 👇 $BLESS
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