🐲 $GRIFFAIN /USDT – Monster Rebound or Bull Trap?

📊 Chart: 1H Timeframe

Current Price: $0.04654 (▲+16.03%)

24H High/Low: $0.04672 / $0.03945

MA(20): $0.04228 (acting as launchpad)

📉 Market Behavior:

After printing a clean bottom at $0.03945, GRIFFAIN just exploded with a huge green candle — blasting through multiple minor resistances and currently challenging the 1H top. The reversal is sharp, and early shorts are likely squeezed.

⚡️ Momentum Snapshot:

• Strong hourly volume surge (145M+)

• Price reclaimed 20MA with strength

• Order book leans bullish (55.14% bid)

• RSI likely overheated — short-term risk of pullback

🧱 Key Levels:

• Immediate Resistance: $0.04672 (24H high)

• If Breaks: Next psychological target at $0.050

• Key Support: $0.0438 → $0.0422 (MA20)

• If Support Breaks: Possible fade back to $0.040

🧠 Opinion – Trade Setup Idea:

• Bias: Bullish — high momentum, strong reclaim

• Long Setup (Momentum Pullback):

• Entry: $0.0435–$0.044

• TP1: $0.0465

• TP2: $0.0488

• SL: $0.041

• Short Only If Rejected $0.047+ & RSI diverges

❗️DYOR – Sharp bounces like this can rip or reverse fast. Don’t chase green candles blindly — wait for clean confirmations.

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