🔥 GIGGLE/USDT: Futures Trade Analysis
The price at $161.24 is currently fighting near the short-term trend lines.
Long Position: A strong close above the MA(7) resistance at $177.20 suggests a bullish breakout. A long position entry could target the previous swing high near $209.51. Set a tight stop-loss below the current price consolidation area, perhaps around $143.11 (24h Low).
Short Position: If the price rejects $177.20 and drops below the 24-hour low of $143.11, it confirms weakness. A short entry targets the major support shown near $92.64. The stop-loss should be set just above the MA(7) rejection point.
Always use leverage carefully and manage your risk!
GIGGLEUSDT
Perp
71.23
-0.97%
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