$GIGGLE Analysis :

Market structure is showing a local bearish setup after a strong rebound into resistance. Momentum is fading near the 36.8 zone, and price is starting to stall with rejection candles printing at the highs.

Price action suggests a sharp recovery from the 32.3 base, followed by a resistance test and failed continuation. The move is now consolidating under resistance, which keeps downside pressure active unless bulls reclaim the high cleanly.

Trade Setup (Short):

Entry Zone: 36.00 - 36.50

Targets:

• TP1: 35.10

• TP2: 34.10

• TP3: 33.10

Stop Loss: 37.05

As long as price stays capped below the local high, this looks like a rejection-based short with room for a pullback into lower support levels.

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GIGGLEUSDT

Perp

31.59

-8.96%