$GRIFFAIN price has been in a sharp downtrend, but we are seeing the first signs of exhaustion. Here is how to play the potential bounce:
Technical Observation
RSI Check: The RSI(14) is sitting at 26.99, deep in the oversold territory (<30). Historically, this indicates the selling pressure is overextended.
Price Action: We see a long lower wick at 0.00760, suggesting strong buying interest at those lows.
Moving Averages: Price is currently far below the MA(7), MA(25), and MA(99), suggesting a "mean reversion" (price snapping back to the average) is likely.
The Trading Plan
Accumulation Zone: $0.00850 - $0.00900.
Stop Loss (SL): Below the recent wick low at $0.00750.
Primary Target (TP1): $0.0131 (Testing the MA-25 for a quick 45% move).
Moon Target (TP2): $0.0167 (MA-99 resistance).
Follow@AsRealUpdates
#GRIFFAI #cryptotrading #TechnicalAnalysis s #tradingStrategy #altcoins #Oversold
