Market Structure & Recovery Attempt
Buyers are stepping in after $GIGGLE swept liquidity below 60, showing a sharp reaction. The bounce is still corrective, and price remains below the higher timeframe resistance zone. Structure is transitioning from a sell-off into a potential base, but a confirmed reversal is not yet present.
Trade Setup Details
Long Entry: 60.5 – 61.5
Stop Loss (SL): 58.8
Take Profit (TP): 64.5 – 68.0 – 72.0
As long as price holds above 58.8, the upside recovery scenario remains valid.
Recent Price Action & Volatility
In the past 24 hours, GIGGLE traded between 59.35 and 63.88, showing moderate volatility. The current price is around 62.39, indicating buyers have managed to recover from the recent downside sweep, but momentum and follow-through remain limited.
