【$BLESS Signal】Short squeeze continues, chasing high risks significantly increase

$BLESS 1H level RSI skyrocketed to 92.72, buying depth imbalance -28.66%, funding rate as high as 0.1051%. The 4H Bollinger Band upper band was directly broken through, with price around 0.0365, far exceeding the upper band of 0.0272. This extreme overbought condition combined with high funding rates has seriously distorted the risk-reward ratio.

Price remains stubborn at an absolute high level, but active buy depth is insufficient, and bears are being continuously squeezed. Open interest remains stable, indicating holders are still engaged in the market. MACD across two cycles shows bullish expansion, but the 1-hour timeframe shows signs of convergence in the histogram.

🎯Direction: Wait and see (awaiting a pullback or breakout confirmation)

⚡Entry/Order placement: Aggressive traders can try shorting at the current price of 0.03629 with a small position, conservative traders can place a breakout long order at 0.03703.

🛑Stop loss: 0.00955 (Very wide stop for short positions, trade lightly)

🚀Target 1: 0.03703

🚀Target 2: 0.03717

🛡️Trade management: - Execution strategy: If shorting, exit any rebound near the entry price. If going long, halve the position after reaching target 1, and move the remaining stop loss up to the entry price. At this level, capital preservation is more important than profit.

Order book shows sparse sell orders, but high funding rates continue to erode long profits. The 1-hour candlestick body begins to shorten, with an upper shadow appearing, indicating upward momentum may be weakening. Chasing longs here is like licking blood off a knife; a safer strategy is to wait for a decent pullback or for the price to firmly hold above the previous high to form a new base. Market sentiment is near frenzy; staying calm is key to capturing the next profit wave.

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