$GRIFFAIN Signal | Pullback confirms 1H support

$GRIFFAIN RSI surging to 76.89, the 4H Bollinger Band upper band at 0.0214 has been broken through. Buying depth is 2.66, with thicker orders below, but the 1H MACD bars are starting to contract, indicating diminishing short-term momentum. It’s not advisable to chase the rally now; wait for a pullback to around 0.0204 to set long orders, with a stop loss at 0.017611, first target at 0.020689, second target at 0.021714. When reaching 0.020689, halve the position and move the stop loss to break-even, aiming to protect capital and play the second target. Chasing longs at high levels offers a poor risk-reward ratio, but the funding rate of 0.0691% is not extreme; placing orders at support during a pullback is more prudent.
🎯Direction: Long
⚡Entry point: 0.0204 (1H EMA20 support) pending order
🛑Stop loss: 0.017611
🚀Target 1: 0.020689
🚀Target 2: 0.021714
🛡️Trade management: Reduce position by 50% upon reaching target 1, move stop loss to break-even. If price falls back to entry level, exit automatically.
Depth logic: 4H MACD shows bullish expansion, but 1H shows signs of top divergence. Despite strong buying depth and increased turnover at high levels, OBV diverges from price, warning of potential distribution after a sharp rally. Participate with a light position and strict risk control.
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