🔥 Let's talk about $GRIFFAIN real quick. Right now, it's in what looks like a bullish retracement inside an overall uptrend – nothing too crazy, but it's holding up nicely.
On the volume side, check out that huge spike to 149.6M during that big green candle that pushed it to the 24-hour high of 0.01815. That's some serious buying pressure kicking in. Lately, though, volumes have dipped a bit during this pullback, which to me screams healthy consolidation. Sellers aren't piling on hard, so no red flags there.
Diving into the capital flow data, it's a bit mixed but I'm leaning bullish overall. You've got solid net inflows on the 1H (28.2k) and 12H (76.8k) charts, which tells me new longs are jumping in. Sure, there's some outflows on the 24H (-202.3k) and 4H (-39.3k), but I bet that's just folks taking profits after that 9.98% surge – not the start of any downtrend. The shorter-term inflows are dominating, so this dip feels like a solid spot to buy.
Bottom line: I'm cautiously bullish $GRIFFAIN here, eyeing longs on a dip.
For entry, I'd wait for it to pull back to that sweet support area around the MA20 at 0.016846 and Support at 0.01656. If we see a strong rejection like a hammer or pin bar there, especially with volume picking up, that's my green light for a high-prob long. If you're feeling aggressive, maybe snag a small position if it breaks and holds above 0.01725.
Stop-loss wise, keep it 3-4% below your entry to play it safe. I'd set it just under S2 support (0.01592), say around 0.01580, to dodge any fakeouts
Targets $GRIFFAIN ? Aim for a retest of the recent high at Resistance (0.01781), and if it keeps going, next resistance at 0.01842. Break that, and we could push to 0.01906 easy.
#Griffain #griffainusdt