The $GIGGLE is Over: Selling the Bounce
GIGGLE is showing a classic weak structure—it's struggling to breathe. Every time the price catches a small bounce, sellers immediately step in to push it back down. The latest attempt to move higher stalled out on the very first test, proving this isn't a new trend, just a temporary "breather" before the next drop.
With momentum rolling over and buyers unable to hold ground above the key resistance zone, the path of least resistance remains firmly to the downside.
Trade Setup: Short $GIGGLE
Entry Zone: 27.8 – 28.5 (Watch for the stall)
Stop Loss (SL): 31.2
Take Profit 1 (TP1): 24.5
Take Profit 2 (TP2): 22.0
Take Profit 3 (TP3): 18.5
Why we’re bearish: Buyers aren't getting "acceptance" in this zone. Without fresh demand, the corrective push is likely over, leaving $GIGGLE primed for a continuation of its broader downtrend.
#giggle #MarketPullback #misslearner
