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

$BLESS After a nearly 30% single-day surge, a long upper shadow appeared on the 4-hour chart followed by a pullback. This is a typical profit-taking pattern 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 of +0.005% isn't extreme, the open interest (OI) trend is "stable," not rising in tandem with the surge, indicating limited new capital and mainly driven by on-chain leverage. RSI (61.61) has retreated from overbought territory, but the price remains well above the EMA20 (0.0054), indicating a mean reversion need.

Key Warning: Market logic suggests "main players are either entering or short sellers are stepping on the brakes." Data shows a surge with massive volume, but OI hasn't increased, and buy depth is weak. This looks more like a distribution phase after a rally by bullish main forces rather than a healthy trend initiation. Do not chase high during this volume-contraction rebound.

Risk Control Perspective: 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 and wait for a clearer structure or a pullback to key support zones (such as 0.0055-0.0057) for reassessment.

Trade here 👇 $BLESS

---

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