🔴 Sell
$GIGGLE Rejection at the resistance level on the daily and hourly time frame - preparing for momentum collapse
Strong rejection from the resistance level on the larger time frame.
The smaller time frame shows exhaustion after a failed breakout.
📊 Trading setup (Sell)
Entry area: 28.5–30
Stop loss: 31.5
Targets:
Target 1: 26.5
Target 2: 24
Target 3: 21
🔎 Structural analysis:
Clear rejection from the resistance level on the daily time frame
Formation of a lower high on the hourly time frame
Momentum fading after push into the supply area
Breaking below level 28 accelerates the meme coin collapse scenario
⚠️ Strong recovery above level 31.5 invalidates the sell trend.
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#giggle #GIGGLEShort