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

$BLESS After a violent surge, the price consolidates at a high level, showing clear signs of bullish momentum exhaustion and distribution.

🎯Direction: Empty Position (NoPosition)

Market Analysis: On the 4H chart, after forming a long upper shadow at 0.0074, the price retraced above the EMA20(0.0054), but the latest candlestick's buy ratio dropped to 0.47, indicating a sudden decline in buying enthusiasm. Depth imbalance is at -5.51%, with ask orders(Asks) significantly thicker than bid orders(Bids), indicating heavy selling pressure above.

Core Logic: Although the price remains above the EMA20, key data points to risk. Funding rate is as high as 0.005%, indicating extreme greed. Open interest(OI) remains stable rather than increasing after the price surge, suggesting the rally is driven by existing capital, with no new long positions opening. RSI(58.99) has retreated from overbought territory but has not formed a valid divergence, currently at a decision point.

Risk Control Perspective: The price has broken below the midpoint(0.0061) of the previous 4H bullish candle, marking a short-term strength/weakness boundary. If it cannot recover quickly, it may test the support at 0.00573 (previous low and Fibonacci 0.382 level). The current risk-reward ratio is unclear, and the win rate is insufficient. The best strategy is to stay on the sidelines and wait for a clearer supply-demand structure.

Trade here 👇 $BLESS

---

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