$BLESS โ ๏ธ BLESS Losing Momentum? Bearish Flag Signals Continuation Risk ๐ป
BLESS is forming a clear bearish flag on the chart, suggesting that the recent bounce may only be a temporary pause before the next leg lower. After a sharp downside impulse, price has drifted upward in a tight channel โ a classic relief rally structure inside a broader downtrend. This typically reflects weak buyer participation, not a true reversal. ๐โก
๐ฅ Sellers still control the structure.
Lower highs remain intact, and bullish attempts are lacking strong follow-through. When price consolidates upward after a strong drop, it often prepares for continuation rather than recovery.
๐ Confirmation trigger:
A decisive breakdown below the lower boundary of the flag โ especially with expanding sell volume โ confirms bearish continuation. Failure to reclaim key resistance levels further strengthens the downside case. โก๐งฑ
๐ Trader approach & risk management:
Breakdown traders wait for support to give way
Conservative traders look for volume confirmation
Invalidation is typically placed above the flagโs upper boundary
Downside targets are often projected using the height of the prior bearish impulse, offering a structured, trend-aligned risk-to-reward setup for short positioning. ๐ฏ๐
๐ช๏ธ Market context amplifies moves.
If overall sentiment remains weak or liquidity rotates elsewhere, bearish flags often resolve quickly and aggressively. Continuation patterns in downtrends can extend further than expected. ๐ป๐ฅ
โ ๏ธ Bottom line:
As long as the bearish flag structure holds and resistance remains unbroken, probabilities lean toward further downside for BLESS. Let confirmation guide entries and manage risk with discipline.
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Structure favors sellers โ BLESSโs bearish flag may be setting up the next move lower. โ ๏ธ๐๐ฅ
