GIGGLE/USDT Technical Analysis (4H Timeframe - Binance Chart)
Current Price: ~67.64 USDT (+3.13% in 24H)
Key Observations:
Price is in a clear downtrend, declining from highs around 76-83 and now trading near the lower channel/support zone.
EMAs are bearish: EMA7 (67.19) < EMA25 (67.06) wait no — actually EMA7 slightly above EMA25 but both well below EMA99 (73.34), and price below short-term EMAs.
RSI at ~55, neutral but coming down from overbought zone earlier, showing loss of momentum.
Volume spiked on some green candles but overall decreasing on the recent pump, suggesting weak buying strength.
Recent bounce from 56-63 failed to break above 72-76 resistance, now pulling back again.
Overall sentiment: Still bearish in higher timeframe, this +3% move looks like a relief rally in a downtrend.
Long Entry Setup (Bullish Bias - For Continuation of Bounce):
Entry: 67.00 - 68.00 (current support hold or pullback retest)
Stop Loss (SL): 65.00 (below recent low ~63.26, risk ~3-4%)
Take Profit (TP1): 72.00 (resistance zone)
Take Profit (TP2): 76.00 (previous high)
Risk/Reward: 1:2 to 1:3
Reason: If price holds above 67 and shows strong green volume, possible push toward upper EMAs/resistance.
Short Entry Setup (Bearish Bias - Preferred in Current Downtrend):
Entry: 68.00 - 68.99 (rejection at resistance or bearish candle close below 67.50)
Stop Loss (SL): 70.50 (above minor swing high, risk ~3%)
Take Profit (TP1): 63.00 (24H low/strong support)
Take Profit (TP2): 58.00 - 56.00 (previous major low)
Risk/Reward: 1:3 to 1:5
Reason: Downtrend intact, current pump looks corrective. Break below 67 likely accelerates selling toward lower supports.
Note: This is purely technical analysis based on the screenshot. Meme coins like GIGGLE are extremely volatile — always DYOR, use strict risk management (1-2% per trade), and avoid heavy leverage. Market can reverse quickly!
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