2026-01-02 06:24:54

GRIFFAIN has been getting interesting lately. There's a pullback in the 15-minute chart, but the 1-hour and 4-hour RSI are both resonating in overbought territory—especially the 4-hour RSI at 79.2, which is already quite extreme. Even more concerning is the 97.9% decrease in trading volume, indicating a divergence risk that should be taken seriously.

From a technical perspective: the 15-minute RSI at 61 is still neutral to slightly weak, the 1-hour RSI at 71.6, and although the MACD histogram is still positive, it’s clearly shrinking, showing energy is waning. The 4-hour chart is even more fragile, with an RSI at 79.2 indicating the structure is very vulnerable.

Key levels to watch are: currently around the psychological level of 0.02, with resistance at 0.0205 and 0.0212, and support at 0.0196 and 0.0188.

How to trade? If the price breaks above 0.0205, consider a small long position targeting 0.0212, with a stop-loss at 0.0200. Conversely, if it falls below 0.0196, consider switching to a short position with a target of 0.0188 and a stop-loss at 0.0201. But within the range of 0.0196 to 0.0205? My advice is to sit tight and do nothing.

Currently, I am in a wait-and-see mode. The reason is simple: the 4-hour RSI is too overbought, and trading volume is so dry that the risk-reward ratio for chasing is not worth it. Instead of rushing in, it’s better to wait. Either wait for a strong break above 0.0205 to enter cautiously, or look for signals that the price stabilizes around 0.0188.

GRIFFAIN8,13%

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DefiPlaybook

· 10h ago

97.9% of trading volume has shrunk; this data needs to be taken seriously, and the divergence risk is indeed concerning. RSI at 79.2, entering at this level requires mental preparation; it's not that you can't do it, but you need to exercise restraint. Let it play out between 0.0196 and 0.0205; there's no need to follow the trend. Waiting for signals is more valuable than trying to catch the bottom; patience is what this market cycle is all about.

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LiquidityWizard

· 10h ago

ngl, 97.9% volume collapse is statistically significant enough to make me genuinely uncomfortable... actually that RSI divergence on the 4h is precisely the kind of setup that liquidates overconfident longs. theoretically speaking, waiting for confirmation beats chasing—risk-adjusted returns favor patience here, contrary to popular belief in this community

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MidnightTrader

· 10h ago

Trading volume shrank by 97.9%. Still dare to chase? RSI at 79.2 is almost overbought. They're just waiting to cut you. Wait, is it really time to lie down in the 0.0196 to 0.0205 range? Feels like it can still rebound. Such extreme divergence on the 4-hour chart, a sharp drop is expected. GRAFFAIN needs to truly break 0.0212 for it to count; otherwise, it's all just bluffing. With such obvious volume-price divergence, I’ll stay on the sidelines. No need to jump into this muddy water. This guy's analysis is detailed, but I still don't believe it can break through directly. It’s probably going to be washed out further. 0.0188 is the real bottom. Consider bottom fishing there.

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ContractTester

· 10h ago

97.9% of the volume shrinks with an RSI of 79.2, which is ridiculous—definitely a manipulation to shake out traders. Sit tight, the range from 0.0196 to 0.0205 is an awkward zone, don't go join the fun. Wait, no, this data looks a bit too textbook-like. Could it be another trap? With no volume left, trying to break through—dream on. Instead of chasing, better to stay and watch at 0.0188.

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