$GRIFFAIN Signal】Long - 1H pullback confirmation, main force clearly protecting the market



$GRIFFAIN The 1H timeframe has experienced a massive rally and is now consolidating strongly above a key support level. The current price of 0.00935 is closely following the 1H EMA20 (0.0090), with the 4H EMA50 (0.0087) forming a strong support. Market depth shows buy orders are far thicker than sell orders (depth imbalance of 4.30%), and open interest remains stable, indicating that main funds have not exited but are actively supporting and accumulating at this level. The 1H RSI (59.2) is healthy, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00920 - 0.00930 (Reason: Pullback to 1H EMA20 and the lower boundary of the dense trading zone )

🛑Stop Loss: 0.00880 (Reason: Break below 4H EMA50 and the previous 1H candle low )

🚀Target 1: 0.00980 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.01050 (Reason: 4H previous high and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin volatility is extremely high, risk control is essential )

- Execution strategy: When price reaches 0.00980, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00930. If the price strongly breaks through 0.01000, trail the stop loss of the remaining position up to 0.00980 to maximize profits.

Depth logic: In the past 24 hours, the increase was 19.26%, but open interest remains stable, indicating it’s not just a short squeeze but also new funds entering the market. The latest 1-hour candle buy/sell ratio is 0.52, showing buyer strength returning. Technically, the 1H EMA20 has crossed above EMA50 to form a golden cross, indicating a short-term bullish trend. The key is whether the price can hold above 0.00930; if it does, it may test the 0.010 region again.

View real-time market 👇 $GRIFFAIN

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
GRIFFAIN-8.25%
BTC-2.39%
ETH-2.03%
SOL-3.96%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)