📉 GRIFFAIN Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.02050 - 0.02100
SL: 0.02210
TP1–TP3: 0.01904 / 0.01800 / 0.01650
Technical Analysis:
On the 4-hour timeframe, GRIFFAIN is exhibiting a clear bearish trend following its rejection from the 0.02648 peak. The price is currently trading below the EMA(7) and EMA(25), with the EMA(25) at approximately 0.02100 acting as a significant dynamic resistance level. Confirmation of the bearish momentum is provided by the MACD, which is positioned below the zero line, and the RSI, which is holding below the 50 mark, indicating that sellers are in control. The immediate target for this downward move is the EMA(99) support at 0.01904.
Invalidation:
Only a break above 0.02250 would invalidate the bearish outlook.
GRIFFAINUSDT
Perp
0.02071
-1.19%
SENTUSDT
Perp
0.04794
+2.83%