$GIGGLE Long Liquidation: $4.9159K at $64.66623
Long traders were caught as GIGGLE failed to hold above the recent support zone and sharply reversed lower. Buyers expected continuation after the earlier push, but strong sell pressure entered near the highs, triggering stop losses and forcing longs to exit. Liquidity below the range was taken cleanly, signaling short-term control shifted back to sellers.
Entry (EP): $65.20
Take Profit (TP): $61.80
Stop Loss (SL): $66.90
Market Outlook:
$GIGGLE is under short-term bearish pressure after losing the liquidation level. If price remains below this zone, further downside or choppy consolidation is likely. Bulls will need a strong reclaim with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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