$BLESS is showing clear short-term weakness on the 1M chart, and I'm watching the setup after price lost the 0.01311 support area. Sellers are controlling the recent structure with consecutive lower highs and lower lows, while momentum continues to lean bearish. The key is whether price keeps rejecting the 0.01301–0.01311 zone.
Trade Setup
Entry: $0.01295
Stop Loss: $0.01322
Targets:
Target 1: $0.01280
Target 2: $0.01260
Target 3: $0.01240
Target 4: $0.01215
Why it's possible
The 1M structure has shifted lower, with price breaking beneath previous support and failing to reclaim it. That makes the 0.01301–0.01311 area important resistance for any recovery.
I'm watching for continued selling pressure below this zone. If sellers maintain control, the recent low can become a liquidity target before another leg lower.
Risk stays defined above resistance. If price reclaims 0.01322 strongly, I'd avoid forcing the short.
Let's trade the move with discipline now $BLESS
Trade Setup
Entry: $0.01295
Stop Loss: $0.01322
Targets:
Target 1: $0.01280
Target 2: $0.01260
Target 3: $0.01240
Target 4: $0.01215
Why it's possible
The 1M structure has shifted lower, with price breaking beneath previous support and failing to reclaim it. That makes the 0.01301–0.01311 area important resistance for any recovery.
I'm watching for continued selling pressure below this zone. If sellers maintain control, the recent low can become a liquidity target before another leg lower.
Risk stays defined above resistance. If price reclaims 0.01322 strongly, I'd avoid forcing the short.
Let's trade the move with discipline now $BLESS