【$BLESS Signal】Short squeeze continues, caution is essential when chasing higher

$BLESS 1H level RSI surges to 92.72, buying depth imbalance -28.66%, funding rate at 0.1051% already indicates overheating. The 4H Bollinger Band upper band is repeatedly broken, price completely detached from moving averages, MACD histogram still expanding. This steep rally combined with high funding rates is rapidly worsening the risk-reward ratio.

Current price around 0.0365 carries huge risk when chasing higher, but momentum has not faded. Aggressive traders can place long orders at the lower end of the 0.01393 - 0.03629 range, aiming for a second surge.

⚡Entry: Place buy orders at the lower end of the 0.01393 - 0.03629 range

🛑Stop loss: 0.00955

🚀Target 1: 0.03703

🚀Target 2: 0.03717

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

Order book shows sparse sell orders, clear intention to push price up, but trading volume has shown signs of shrinking in the latest hour. Open interest remains stable, indicating this is not a dump structure but more likely a short squeeze driven by funds. In such a market, avoid participation, or if participating, accept wide stop losses and closely monitor funding rate changes; any turn negative signals an exit.

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