$BLESS Advanced ICT + SMC + Elliott Wave + Fibonacci Analysis
Entry: 0.0158–0.0163
Stop Loss: 0.0148
Take Profit Targets
TP1: 0.0198
TP2: 0.0238
TP3: 0.0288
Bias: Bullish (Buy the retracement after confirmation of a bullish market structure shift).
Trade Setup: BLESS Bullish Retracement Buy Opportunity
$BLESS has completed a sharp impulsive rally toward 0.0305 before entering a healthy corrective phase. On the 4H timeframe, price has swept liquidity below recent equal lows and is approaching a high-probability ICT discount zone, while RSI is entering oversold territory, suggesting bearish momentum is weakening. From an SMC perspective, the current decline appears to be mitigating a bullish order block around 0.0158–0.0162, where institutional demand may re-enter. Elliott Wave structure suggests Wave 4 correction is nearing completion after a five-wave advance, with Wave 5 likely targeting new short-term highs. Fibonacci retracement from the swing low to 0.0305 places the current price near the 61.8% retracement, a common reversal zone. Confirmation through a bullish market structure shift or displacement candle would strengthen long conviction. As long as price holds above 0.0155, the broader bullish structure remains intact, offering favorable risk-to-reward for swing traders anticipating continuation toward higher liquidity pools.
Trade Plan
Trade $BLESS here 👇🏻👇🏻
Entry: 0.0158–0.0163
Stop Loss: 0.0148
Take Profit Targets
TP1: 0.0198
TP2: 0.0238
TP3: 0.0288
Bias: Bullish (Buy the retracement after confirmation of a bullish market structure shift).
Trade Setup: BLESS Bullish Retracement Buy Opportunity
$BLESS has completed a sharp impulsive rally toward 0.0305 before entering a healthy corrective phase. On the 4H timeframe, price has swept liquidity below recent equal lows and is approaching a high-probability ICT discount zone, while RSI is entering oversold territory, suggesting bearish momentum is weakening. From an SMC perspective, the current decline appears to be mitigating a bullish order block around 0.0158–0.0162, where institutional demand may re-enter. Elliott Wave structure suggests Wave 4 correction is nearing completion after a five-wave advance, with Wave 5 likely targeting new short-term highs. Fibonacci retracement from the swing low to 0.0305 places the current price near the 61.8% retracement, a common reversal zone. Confirmation through a bullish market structure shift or displacement candle would strengthen long conviction. As long as price holds above 0.0155, the broader bullish structure remains intact, offering favorable risk-to-reward for swing traders anticipating continuation toward higher liquidity pools.
Trade Plan
Trade $BLESS here 👇🏻👇🏻