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

$BLESS After a violent surge, there is volume expansion and stagnation at high levels with deep imbalance, which is a typical distribution structure rather than a healthy correction.

🎯 Direction: Empty Position

Market Analysis: After a single massive bullish candle on the 4H chart, consecutive long upper shadows appear, and the price fails to hold above the previous high. The latest candlestick closed lower, indicating weakening buying momentum.

Core Logic: Funding rate is as high as 0.005%, but open interest remains stable. OI has not increased with the price rise, indicating strong chasing behavior but no sustained increase by the main players. This is a typical "bull trap" feature.

Depth data shows an unusually thick ask wall above 0.00608, while bids are numerous but concentrated below the current price, clearly indicating suppression intent. RSI (63) has fallen from overbought territory, but the price has already broken below short-term EMA support, signaling a momentum shift.

The current price is below the Fibonacci 0.618 resistance level (around 0.0072) from the previous downtrend and has not broken through effectively. There is no healthy volume-price structure to support further upward movement, making chasing long positions highly risky.

Trading Philosophy: Refuse to catch falling knives in the main distribution zone. Better to miss out than to make mistakes. Wait for the price to show clear absorption behavior or structural reformation at key support levels (such as 0.0055-0.0058 demand zone) before considering long opportunities.

Trade here 👇 $BLESS

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