【$BLESS Signal】Chasing the rise and sniping, game of retracement after violent surge on the 1H timeframe

$BLESS The 1H RSI soared to 85.72, and the 4H level even hit 86.17, with buying pressure extremely crowded. The 4H Bollinger Band upper band was broken through by a massive bullish candle, with the price standing at 0.013781, far exceeding the upper band of 0.0112. MACD on both 1H and 4H levels shows bullish divergence, but the depth of buying pressure is unbalanced at 29.15%, with thinner sell pressure. This structure is very prone to quick retracements from profit-taking.

🎯Direction: Pullback to go long (place orders)

⚡Entry/Order placement: Conceal near the lower boundary of the 0.008216 - 0.013712 range, specifically around 0.0090.

🛑Stop loss: 0.006965

🚀Target 1: 0.013783

🚀Target 2: 0.013838

🛡️Trade management:
- Execution strategy: If the price touches the order and rebounds, take half profit at the first target, and move the remaining stop loss up to the entry price. If the price breaks below without rebounding after placing the order, abandon this trade.

This initial deep retracement after a rapid surge is often the starting point for a second rally. The 4H EMA50 at 0.0070 and the 1H EMA50 at 0.0086 form a support zone, clearly showing capital backing. The current fee rate of 0.0568% is not extreme, but stable open interest indicates that traders have not exited in large numbers, and the chip structure is not fully loosened. The risk-reward ratio here is much more comfortable than chasing the high.

Check real-time market 👇 $BLESS
---
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL