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【$BLESS Signal】Pullback to buy, 1H level funds clearly provide support
$BLESS 1H level after a spike, a pullback follows; buy orders actively absorb around 0.0124, and the price has not effectively fallen below the EMA20. The 4H MACD histogram bars are still expanding, but the 1H histogram bars begin to contract, indicating a momentum transition period. The order book depth shows sell orders are slightly thicker, but the price has not dropped sharply—revealing the intent of funds to support the price.
The current risk-reward ratio is not ideal; chasing higher involves more risk than reward. A steadier strategy is to wait for a deeper pullback and use market volatility to gain an advantage on your entry level.
🎯 Direction: Place a pullback limit order to go long
⚡ Entry/Order: Lay in near the lower boundary of 0.008617 - 0.013139 range
🛑 Stop loss: 0.007164
🚀 Target 1: 0.013302
🚀 Target 2: 0.013355
🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the break-even level. If the price falls back to the entry zone, exit automatically to protect the principal.
The 1H RSI has pulled back from the overbought zone to 67, giving some breathing room. The 4H Bollinger Band upper band has been pierced, and the price needs time to digest the rally. Position size remains stable, with no signs of large-scale outflows. Combined with the support formed by the 1H EMA50 crossing over, a pullback to this area is an ideal sniper point. Market sentiment has shifted from FOMO to a wait-and-see mode, anticipating the next catalyst.
View real-time quotes 👇 $BLESS
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