$GRIFFAIN 5-minute pullback of 2.4%, with the current price at 0.01778. Two possible scenarios from here:
① It stabilizes and reclaims the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim it, and it loses the 24-hour low of 0.01561 → weakness is likely to continue
Personally, I’d rather wait and see how the first rebound plays out before drawing a conclusion. What do you think happens next?
This is not investment advice of any kind. You assume all risk.
① It stabilizes and reclaims the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim it, and it loses the 24-hour low of 0.01561 → weakness is likely to continue
Personally, I’d rather wait and see how the first rebound plays out before drawing a conclusion. What do you think happens next?
This is not investment advice of any kind. You assume all risk.