๐ $BLESS /USDT Trade Setup โ Post-Surge Cooling Phase
After a sharp rally, BLESSUSDT is currently entering a cooling phase following strong upward momentum earlier in the session.
15-Min Chart Analysis:
The price surged to around $0.20+ before facing resistance and forming a local top.
Itโs now consolidating near $0.123โ$0.125, testing short-term support.
Volume has declined significantly after the spike โ signaling reduced buying pressure.
MA (7) has crossed below price, showing short-term weakness.
1-Hour Chart Insight:
A large green breakout candle from the $0.05 zone indicated strong bullish momentum earlier.
However, a retracement toward the $0.12 support area shows that bulls are taking profits.
The 99 MA remains upward-sloping, meaning long-term trend bias is still positive.
โ๏ธ Trade Plan:
Support Zone: $0.120 โ $0.115
Resistance Zone: $0.150 โ $0.165
Possible Setup:
If the price holds above $0.120, a rebound toward $0.145โ$0.155 could occur.
A breakdown below $0.115 may open the path to $0.095โ$0.10 support retest.
๐ข Bullish Bias above $0.120
๐ด Bearish Bias below $0.115
๐ Keep an eye on volume confirmation and 15m MA crossover for short-term entries.