$BLESS Short 40x Setup – Bearish continuation in play
$BLESS is showing a controlled pullback from the 0.00547–0.00550 resistance zone, where I’ve taken a Short (40x Isolated) position based on the current structure.
Trade Plan:
Entry: 0.00547 – 0.00550
TP1: 0.00536 (R:R ~1:0.8)
TP2: 0.00529 (R:R ~1:1.3)
TP3: 0.00517 (R:R ~1:2.0)
SL: 0.00564
Why this setup is in focus:
Higher timeframe structure (4H) still leans bearish, with price reacting consistently near the 0.00548 resistance region.
15m RSI at ~49 suggests neutral momentum, leaving room for further downside continuation if selling pressure increases.
Volume is slightly below expected levels (≈0.77x), showing participation skewed toward sell-side flow rather than strong breakout demand.
Market read:
If resistance holds, continuation lower remains the main scenario being tracked; if it breaks, this setup would lose invalidation quickly around the stop level.
$VELVET remains part of the broader watchlist momentum context.
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