【$BLESS Signal】Empty Position + High-Level Distribution Risk

$BLESS After a nearly 30% surge in a single day, a long upper shadow appeared on the 4-hour chart followed by a pullback. This is a typical pattern of profit-taking at high levels.

🎯 Direction: Empty Position

Market Analysis: Price violently surged from 0.0048 to 0.0074, but the latest 4-hour candlestick closed lower, and the buy/sell ratio is only 0.52, indicating exhausted buying pressure. Depth imbalance is -27.61%, with the sell wall (at 0.006073, 823,000 units) significantly thicker than the buy wall, suggesting heavy selling pressure above.

Logical Core: Although the funding rate at +0.005% is not extreme, the open interest (OI) trend remains "stable," not rising in tandem with the surge, indicating limited new capital and mainly leverage-driven movement. RSI (61.61) has retreated from overbought territory, but the price remains well above the EMA20 (0.0054), indicating a need for mean reversion.

Key Warning: Market logic suggests "main force entering or bears stepping on the accelerator." Combined with data, the surge was accompanied by massive volume, but OI did not increase, and buy depth is weak. This looks more like a distribution phase after a rally by the bulls rather than the start of a healthy trend. Do not chase high during this volume-contraction rebound.

Risk Control Perspective: The price needs to stabilize above 0.0063 (former high turned support) along with increasing OI and improved depth before considering trend continuation. The current risk-reward ratio is unclear, and the win rate is insufficient. The best strategy is to stay on the sidelines, wait for a clearer structure or a pullback to key support levels (such as 0.0055-0.0057) for reassessment.

Trade here 👇 $BLESS

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