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【$BLESS Signal】1H level pullback confirmation, capital support intent exposed
$BLESS After a rally on the 1H level, a pullback to the EMA20 moving average occurred, with buying orders actively absorbing around 0.0229. The 4H MACD histogram is shrinking, but the fast and slow lines remain above the zero line, indicating the trend is not bad. Market depth shows sparse sell orders, and a -20.22% depth imbalance suggests strong support below, with short covering pressure building up.
🎯Direction: Pullback to go long
⚡Entry/Order: 0.022866
🛑Stop Loss: 0.011642
🚀Target 1: 0.025715
🚀Target 2: 0.030406
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry point, automatically exit to protect capital.
The middle band of the 1H Bollinger Bands nearly coincides with the EMA20, forming a double support. Although RSI has fallen from a high to 58.5, it has not entered the overbought zone, leaving room for further upward movement. Position volume remains stable, and the funding rate of 0.083% is positive but not crazy, indicating a healthy bullish structure. This risk-reward ratio is worth trying, with the key being whether the price can quickly rebound in the support zone.
Check real-time market 👇 $BLESS
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