$GIGGLE /USDT – 4H Technical Analysis

Market Structure

Price is failing to hold above the mid-range resistance (~69–70).

Strong rejection wick from the 76–77 supply zone, followed by weak continuation.

Overall structure shows lower high formation after an impulsive move → bearish continuation setup.

Key Levels

Resistance Zone: 69.50 – 71.50

Invalidation Level: > 72.00 (4H close)

Support / Liquidity: 57.00 – 56.50

Trade Idea – SHORT Setup

Entry Zone:

68.80 – 70.50

Targets:

TP1: 63.60

TP2: 60.00

TP3 (Liquidity Sweep): 57.10 – 56.70

Stop Loss:

72.20

Confluence

Rejection from supply zone

Failure to reclaim previous range high

Liquidity resting below 57 support

Momentum divergence after impulsive upside

Outlook

As long as price remains below 72, bias remains bearish.

A breakdown below 67.50 should accelerate downside toward the 56–57 liquidity zone.

Bias: Short rallies

Invalidation: Strong 4H close above resistance

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