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【$BLESS Signal】Pullback Long + Retracement Confirmation After 1H Strong Breakout
$BLESS At the 1H level, after experiencing massive gains, $BLESS
is currently consolidating at high levels with strong momentum. At the 4H level, a large bullish candle has broken through the previous consolidation range, with the trend turning upward. Currently, the 1-hour chart price is retracing to the short-term moving average, with exceptionally thick buy-side depth in the 0.00561-0.00562 range, indicating strong main force support intentions. This is a typical healthy retracement after a breakout, providing an excellent opportunity for short-term scalping.
🎯Direction: Long
⚡Entry/Pending Order: 0.005141 - 0.005274
🛑Stop Loss: 0.005100
🚀Target 1: 0.005968
🚀Target 2: 0.006315
🛡️Trade Management:
- Execution Strategy: When price reaches the first target at 0.005968, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to the entry price. If price fails to continue rising and falls back to the entry range, consider the breakout failed and exit decisively.
Deep Logic: The 4-hour chart shows a surge in trading volume, and price has broken through multiple resistance levels in one move, which is a clear signal of main force capital entering. Although the 1-hour RSI is at high levels, open interest remains stable and has not decreased significantly with the price increase, indicating solid long positions. Order book data shows that buy orders accumulated below far exceed sell orders, forming a solid support wall with limited pullback space. Combined with positive but non-dangerous funding rates, market sentiment leans toward bulls but without excessive exuberance, which is conducive to further upside expansion.
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