$GIGGLE — Premium Short Setup 📉
Market Context:
Price got sharply rejected from 32.91 resistance, confirming strong supply in that zone. Since then, structure has shifted into a clear bearish continuation with weak recovery attempts.
🔴 Trade Bias: SHORT (Continuation Play)
Entry Zone: 29.70 – 30.00
Stop-Loss: 30.45 (above rejection + invalidation zone)
🎯 Targets:
TP1: 29.30 (first liquidity sweep)
TP2: 28.80 (mid-support reaction zone)
TP3: 28.20 (deeper liquidity / extension target)
📊 Price Action Notes:
Strong rejection from 32.91 = confirmed distribution
Lower highs forming after rejection
Bounce attempts are weak and lack momentum
Sellers still controlling structure below resistance
⚠️ Invalidation:
A strong close above 30.45 would weaken bearish structure and shift momentum back into a range/bullish recovery scenario.
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