【$BLESS Signal】Waiting for a callback, setting up a long position

$BLESS 1H level MACD bearish crossover expanding downward, 4-hour Bollinger Bands shifting from extreme expansion to contraction, price falling freely from a high of 0.0377 to around 0.015. Market depth imbalance at -43.71%, sell walls are solid, active buying power is fractured. This rapid surge followed by high-volume sideways consolidation often indicates the exhaustion of bullish momentum.

🎯Direction: Watchful, waiting for a better entry point.

⚡Entry/Order placement: Place long orders near the lower boundary of the 0.0129 - 0.0182 range, closer to 0.0129 is preferable.

🛑Stop loss: 0.00945

🚀Target 1: 0.01987

🚀Target 2: 0.02335

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

The 4-hour chart just experienced a massive bearish candle engulfing, requiring time to verify buy-side support. The 1-hour EMA50 at 0.0148 is close to the current price and can serve as a short-term bullish/bearish boundary for observation. Funding rate at 0.005% is not extreme, but stable open interest indicates no new capital influx. The current risk-reward ratio is not attractive; patience and waiting for clear institutional support signals in the support zone is a more rational approach.

View real-time market 👇 $BLESS
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