【$BLESS Signal】Long | Healthy Pullback After Short Squeeze Initiation

$BLESS After a single-day surge of 40%, it is now consolidating above a key breakout level. This is not the top, but a healthy reset after a short squeeze.

🎯Direction: Long

🎯Entry: 0.00655 - 0.00665

🛑Stop Loss: 0.00635 (Breaks below the previous 4H K-line low, rigid stop loss)

🚀Target 1: 0.00720

🚀Target 2: 0.00780

Market Analysis: A massive bullish candle appears on the 4H chart, with buying dominance (Buy/Sell Ratio rises to 0.52). This is a typical signal of short squeeze initiation. Funding rate is only 0.006%, far from dangerous levels, and bears still have room to be squeezed.

Core Logic: Price has strongly broken above the EMA20 (0.0052), and the depth imbalance is at 5.09% (more buy orders), indicating strong support below. RSI is at 79, but in a short squeeze scenario, it’s not a reason to short. Open interest remains stable, with no signs of main players closing longs.

The key entry zone is in the middle of the massive bullish candle (0.00655-0.00665), which is the first support zone after the breakout. Stop loss is set below the initiation point of the bullish candle, with a risk-reward ratio >2.0. Be cautious of a normal pullback after the initial sharp rise; as long as the previous low is not broken, the trend is likely to continue.

Trade here 👇 $BLESS

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL