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【$BLESS Signal】Pullback Long + Healthy Retracement After 1H Strong Breakout
The 1H level just experienced an epic volume surge, with price violently rallying from around 0.0057 to 0.0064, currently in a strong consolidation phase at high levels. The 4H level saw a massive bullish candle break through all previous resistance levels, with trend now shifted to strong bullish momentum. Current price is supported above the 1H EMA20 line, a typical strong market retracement structure, accumulating power for the next rally.
🎯 Direction: Long
⚡ Entry/Pending Orders: 0.005432 - 0.005572
🛑 Stop Loss: 0.005300
🚀 Target 1: 0.006660
🚀 Target 2: 0.007204
🛡️Trade Management:
- Execution Strategy: When price reaches Target 1, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to entry price. If price breaks Target 2 strongly, consider holding part of the position for larger gains.
Deep Logic: This rally came with massive volume, definitely not retail behavior. Although current open interest trend is stable, the price hasn't seen a significant pullback after such a huge rally, indicating the main force's control is extremely strong and all selling pressure has been absorbed. The 1H RSI, while at elevated levels, has already retreated from the overbought zone to a healthy area, opening space for another rally. Order book data shows massive buy orders stacked below 0.0062, forming solid support. Combined with positive funding rates, market sentiment is strongly bullish, pullbacks are entry opportunities.
View Live Chart 👇 $BLESS ---
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