$GRIFFAIN just broke through the 9-day high at 0.0203.
Even though the closing price has hit a new high, the volume at 0.93x hasn't really kept up.
In cases where price breaks out but the volume shrinks, you have to discount the quality a bit.
👀 Keep a close eye on the EMA144 at the 0.0183 support level.
The current moving average structure is a classic bullish alignment, and the main trend is still intact.
However, the momentum and price-volume coordination aren't fully in sync yet; we're at the tail end of a low-volume consolidation.
RSI is hovering around 60, indicating that the bulls aren't at that overcooked level where they might want to dump.
🚀 Since the price has entered a new high zone, the next target to look at is around 0.0243.
But the current buying confirmation isn't strong enough.
Don't bet on it making a straight shot up.
First, see if it can hold steady at the 0.0203 level.
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⚠️ Not financial advice. For reference only.
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