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$GRIFFAIN Current Price: $0.02117
Direction: Bullish
Suggested Take Profit: $0.0240, Stop Loss: $0.0198
Reasons:
1. After yesterday’s pullback ended, a reversal began today. Price has stabilized at a key support level, with downward momentum fully released.
2. The 4-hour MACD is about to form a bullish crossover above the zero line (DIF crossing above DEA), confirming the start of a bullish trend.
3. RSI is at 49, leaning bullish but not overbought, providing ample upside room after the reversal with no risk of divergence.
4. Volume is moderately increasing, and buying power is strengthening, resonating positively with the price rise and validating the effectiveness of the reversal.
Support Levels:
1. $0.0205 ( Yesterday’s pullback low, strong intraday support )
2. $0.0198 ( Stop loss corresponding support, strong support )
Resistance Levels:
1. $0.0225 ( Short-term resistance, previous consolidation center )
2. $0.0240 ( Take profit corresponding resistance, strong resistance )
Entry Reference: Buy on a pullback to the $0.0208-$0.0210 range (near intraday support), or wait for 4-hour MACD bullish crossover confirmation before entering to avoid chasing highs.