๐จ $BLESS BLOW-OFF TOP FORMING โ SHORTING THE OVEREXTENSION ๐ป
Entry: 0.01460-0.01485 โก
Target: 0.01405 ๐ฏ
Target: 0.01320 ๐ฅ
Target: 0.01220 ๐
Stop Loss: 0.01525 โ
๐ $BLESS just shoved through the upper Bollinger Band with a 73% width expansion in 10 hours โ that's the signature of a blow-off top, not a sustainable breakout. RSI is overheated, and while price tagged the 0.014809 resistance, the fuel beneath it is evaporating. ๐ป
๐ Open interest dropped 5.8% on that pump, which tells me shorts got squeezed, closed, and fresh positions are building against this overextension. Retail longs are crowded at 1.53 โ precisely the liquidity pool smart money loves to harvest. ๐ฆ
๐ก The structure is clean: reclaim 0.01525 and the thesis voids instantly. Until then, this is a textbook fade of an exhausted impulse. ๐ Are you shorting the squeeze or waiting for a confirmed lower high before pulling the trigger? ๐ฌ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BLESS #ShortSetup #BlowOffTop #Crypto #TradingPlan
๐ฆ ๐ป
Entry: 0.01460-0.01485 โก
Target: 0.01405 ๐ฏ
Target: 0.01320 ๐ฅ
Target: 0.01220 ๐
Stop Loss: 0.01525 โ
๐ $BLESS just shoved through the upper Bollinger Band with a 73% width expansion in 10 hours โ that's the signature of a blow-off top, not a sustainable breakout. RSI is overheated, and while price tagged the 0.014809 resistance, the fuel beneath it is evaporating. ๐ป
๐ Open interest dropped 5.8% on that pump, which tells me shorts got squeezed, closed, and fresh positions are building against this overextension. Retail longs are crowded at 1.53 โ precisely the liquidity pool smart money loves to harvest. ๐ฆ
๐ก The structure is clean: reclaim 0.01525 and the thesis voids instantly. Until then, this is a textbook fade of an exhausted impulse. ๐ Are you shorting the squeeze or waiting for a confirmed lower high before pulling the trigger? ๐ฌ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BLESS #ShortSetup #BlowOffTop #Crypto #TradingPlan
๐ฆ ๐ป
