$BLESS Showing Bearish Signals – Is a Pullback Coming? 📉
After an impressive rally, $BLESS is now struggling to break above a key resistance zone. Multiple rejection candles and slowing momentum suggest that buyers may be losing control, while sellers are starting to gain the upper hand.
Trade Setup Position: Short
Entry: 0.02610 – 0.02640
Stop Loss: 0.02895
Take Profit Targets TP1: 0.02380
TP2: 0.02050
TP3: 0.01678
Why This Setup?
• Price has been rejected several times at resistance.
• Bullish momentum is fading after the recent pump.
• A lower high structure is forming, increasing the probability of a bearish continuation.
• If the resistance remains intact, sellers could push the price toward the support levels listed above.
Risk Management Matters:
Never risk more than you can afford to lose. Wait for confirmation before entering, use your stop loss, and avoid chasing the market.
💬 What's your view on $BLESS ?
Do you expect a deeper correction, or will buyers reclaim the resistance and invalidate this bearish setup? Share your analysis below!
#BLESS #CryptoTrading #TechnicalAnalysis #TradingSignals #BinanceSquare
After an impressive rally, $BLESS is now struggling to break above a key resistance zone. Multiple rejection candles and slowing momentum suggest that buyers may be losing control, while sellers are starting to gain the upper hand.
Trade Setup Position: Short
Entry: 0.02610 – 0.02640
Stop Loss: 0.02895
Take Profit Targets TP1: 0.02380
TP2: 0.02050
TP3: 0.01678
Why This Setup?
• Price has been rejected several times at resistance.
• Bullish momentum is fading after the recent pump.
• A lower high structure is forming, increasing the probability of a bearish continuation.
• If the resistance remains intact, sellers could push the price toward the support levels listed above.
Risk Management Matters:
Never risk more than you can afford to lose. Wait for confirmation before entering, use your stop loss, and avoid chasing the market.
💬 What's your view on $BLESS ?
Do you expect a deeper correction, or will buyers reclaim the resistance and invalidate this bearish setup? Share your analysis below!
#BLESS #CryptoTrading #TechnicalAnalysis #TradingSignals #BinanceSquare