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

After a violent surge, the price shows heavy volume stagnation and deep imbalance at high levels, which is a typical distribution pattern rather than a healthy correction.

🎯 Direction: Short Position

Market Analysis: Following 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 closes lower, indicating weakening buying momentum.

Logical Core: 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 additional positions from the main players. This is a typical characteristic of a “bull trap.”

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 of the previous downtrend (around 0.0072) and has not broken through effectively. There is no healthy volume-price structure to support further upward movement, making chasing longs highly risky.

Trading Philosophy: Avoid catching 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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