$GIGGLE
Price: $31.15.
Trend: Bearish. The price is below all major Moving Averages (MA7, MA25, MA99).
Support Zone: The recent wick low at $25.53 is the primary floor.
Resistance Zone: The MA(7) at $31.43 and previous consolidation highs around $38.81.
Option A: Aggressive Long (Betting on a Bounce)
Entry: $28.50 – $30.50 (Wait for a small dip or confirmation of support).
TP1 (Conservative): $35.00 (Near previous candle bodies).
TP2 (Aggressive): $38.80 (Re-testing the MA25/Purple line).
Stop Loss: $24.50 (Just below the $25.53 local low).
Option B: Trend-Following Short (Betting on Continued Drop)
Entry: $31.50 – $32.50 (Wait for a failed re-test of the MA7/Yellow line).
TP1: $26.00 (Near the recent low).
TP2: $22.00 (Next psychological support).
Stop Loss: $35.50 (Above the recent lower high).