$GRIFFAIN Based on a thorough examination of the current chart patterns and open interest dynamics, it appears that while the asset's upward trajectory holds substantial momentum in the near term, a corrective pullback remains highly probable at some stage, even if the broader rally persists. From a technical standpoint, the candlestick formations reveal escalating bullish pressure with higher highs and accelerating volume, suggesting sustained buying interest that could propel prices further in the short-to-medium term. However, the open interest data underscores a critical divergence: surging levels indicate increased leverage among long positions, which often precedes profit-taking or forced liquidations in overextended markets, potentially triggering a 10-20% retracement to test key support zones like the 50-day moving average or recent swing lows
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$GRIFFAIN Based on a thorough examination of the current chart patterns and open interest dynamics, it appears that while the asset's upward trajectory holds substantial momentum in the near term, a corrective pullback remains highly probable at some stage, even if the broader rally persists. From a technical standpoint, the candlestick formations reveal escalating bullish pressure with higher highs and accelerating volume, suggesting sustained buying interest that could propel prices further in the short-to-medium term. However, the open interest data underscores a critical divergence: surging levels indicate increased leverage among long positions, which often precedes profit-taking or forced liquidations in overextended markets, potentially triggering a 10-20% retracement to test key support zones like the 50-day moving average or recent swing lows