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$BLESS Signal: 1H Overbought Divergence, wait for a pullback to go long
RSI on 1H surged to 88.16, with a deep negative of 17.82%, indicating a break in buying pressure. The price at 0.007255 has broken above the 1H Bollinger upper band, MACD bars continue to expand but the slope is slowing down. The 4H Bollinger bands are opening upward, volume is increasing but buy pressure ratio is only 0.47. The risk-reward ratio is 0.04, currently the space for chasing longs is very narrow.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 0.006500 (Pullback near 1H EMA50)
🛑Stop loss: 0.006163
🚀Target 1: 0.007261
🚀Target 2: 0.007290
🛡️Trade management: - After the pending order is triggered, reduce position by 50% at Target 1, move stop loss up to entry price. If the price falls back to 0.006500, automatically exit.
Depth logic: Funding rate at 0.025% is relatively high, increasing long costs, with obvious turnover after a short-term spike. The 1H RSI is severely overbought but the 4H RSI is still at 77, not yet extreme. A safer entry point requires waiting for the price to pull back to around 0.0065 near the 1H EMA50, where the 4H EMA20 at 0.0062 provides strong support, forming a short-term long opportunity.
Check real-time market 👇 $BLESS
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