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Kumar Basanta
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GRIFFAIN
is Bullish
Take .0195 to .019
Target ✅
.02,.0205,.021
#GRIFFAIN
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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GRIFFAINUSDT
Perp
0.019
-5.94%
108
0
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Kumar Basanta
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Suggested Trading Setup: Long Position Based on current structure (holding above $2.00 psychological support with ETF bid absorbing supply), a long bias makes sense for risk-tolerant traders. Enter on a confirmed bounce above $2.22 to target the base case. This assumes 1–2% position size; adjust for volatility (5–6% daily avg.). Entry: $2.20–$2.25 (current range; wait for volume >$150M confirmation). Target (TP): TP1: $2.50 (11% gain; scale 30% out). TP2: $2.70 (23% gain; scale 40%). TP3: $2.85 (31% gain; trail remainder). Stop Loss (SL): $1.95 (below $2.00 support; ~11% risk). Invalidates on close below $1.80 (bearish trigger). Risk/Reward: 1:2.5 (conservative); monitor for BTC correlation (0.85). Timeframe: 2–4 weeks; exit if no break by Dec 15. Risks: High volatility from thin liquidity; potential ETF delays or BTC dip to $90K could flush to $1.80. Always use isolated margin (e.g., 10–20x leverage max) and DYOR—this is not financial advice. Track on-chain: Exchange reserves at 5-year lows signal supply shock potential if inflows ramp. For real-time updates, watch RSI for oversold (<35) buys or overbought (>70) sells. #XRP
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