Today, I watched the K lines of Giggle jumping back and forth on the screen: 'Both rises and falls are a play; the key is where you are in the episode.'
First, look at the screen: there are 'tricks' hidden in the one-hour chart.
From the chart, Giggle is still in an overall upward trend, but be careful—the MACD double lines are still struggling below the zero axis; the death cross just turned into a golden cross, like a person who just woke up, their eyes still not fully open.
At this time, many people will be anxious: 'Is a big drop coming?'
Don't panic. Once a golden cross forms, there is often a small surge, but before the surge, it often comes back to wash out positions.
Will this pullback hit 64, or will it directly crash to 47?
Resistance and support: Understanding these points will help you 'position yourself'.
Resistance above: 85 is a key short-term level, 95 is a high-pressure zone.
Support below: 64 is the first line of defense, 47 is the 'iron bottom'.
My view is: in the short term, first look at the 75-85 range. If it breaks above and stabilizes at 85, then 95 could be possible; if it drops down, you can try a small long near 64, but if it breaks 64...
If you currently have coins:
Reduce positions in batches above 75, keeping some bullets for the pullback.
Start positioning near 64, and add boldly near 47.
Set your stop-loss, don't hold onto losing positions.
Trading activity: Contract trading volume (1.56 billion) far exceeds spot trading volume (14.72 million), indicating that trading in this cryptocurrency is primarily based on leveraged contracts, which usually carry higher volatility and risk.
Market Performance
Short term (4 hours): slight increase of +1.62%, showing a small rebound in the downtrend.
Mid to long term: performance is weak, down -27.11% over 7 days, plummeting -52.77% over 30 days.
Liquidation situation: In the past 12 hours, both bulls and bears have experienced significant liquidations, especially the bear positions with a notable liquidation amount (518,600 vs. long positions 26,300). This suggests that the market has liquidated a large number of leveraged positions in a volatile state, possibly indicating the approach of a short-term directional choice.
For this wave, I am bullish on Giggle, but being bullish does not mean rushing in—be patient and wait for a pullback; wait for the market to give you money.
Do you want to know why I firmly believe 47 is the bottom? Why 95 is not the endpoint?
Follow Nanxi, find the Nanxi Binance chat room: 【1143032750】 I'll clarify the upcoming roadmap for you.
Nanxi's strength is not about boasting or making empty promises, but teaching you practical survival skills. Follow Nanxi; fans who want to keep up should find the Nanxi village. Nanxi announces entry points and exit timings in the village every day!#giggle $GIGGLE
