š $GIGGLE /USDT ā Short-Term Price Action Analysis (1H)
Market Structure
Price has formed a clear V-shaped recovery after a strong sell-off.
We are now in a short-term bullish structure with higher highs and higher lows.
Momentum is strong, but price is approaching a reaction zone.
Key Resistance Zone
$70.5 ā $72.0
Previous rejection area
Long upper wick already forming ā profit-taking pressure
This zone is the first major decision point
š The candle you circled shows buying strength, but also seller response.
Key Support Levels
$68.0 ā $67.2 ā Minor intraday support
$65.5 ā $64.2 ā Major demand zone (previous bottom)
As long as price holds above $67, the structure remains bullish.
Can GIGGLE Reach $100?
Short answer:
ā”ļø Not directly. Not yet.
Why?
$100 is a psychological + extension target
Price must:
1. Break and hold above $72
2. Flip $75ā78 into support
3. Build volume + consolidation (not a straight pump)
A straight move to $100 from here would be low probability without a pullback.
High-Probability Scenarios
ā Bullish Continuation
Clean break & close above $72
Retest holds ā continuation toward $78 ā $85
Only after consolidation does $100 become realistic
ā ļø Healthy Pullback (Most Likely)
Rejection near current zone
Pullback to $68ā67
If buyers defend ā next leg up
ā Invalidation
Lose $65
Bullish structure breaks
Likely range or deeper retrace
Conclusion
Trend: Short-term bullish
Momentum: Strong but extended
$100: Possible later, not immediate
Best strategy now: Wait for pullback or confirmed breakout
If you want, I can:
Rewrite this into your exact posting script format
Mark entry / targets / invalidation precisely
Or assess risk for late entries vs pullback buys
Just tell me š„
