$GIGGLE
GIGGLEUSDT
Perp
77.29
-7.74%
Tool: GIGGLEUSDT (Futures)
Direction: Sell (SHORT)
Entry Price: near 78.76 (Last Price)
Take Profit Targets:
· TP1: 76.63
· TP2: 74.40
· TP3: 71.00
Stop Loss: above 82.83 (Supertrend resistance level)
Justifications:
1. Strong bearish trend: the stock is in sharp decline (-12.34% from the highest level).
2. Supertrend Indicator: indicates sell at 82.83, supporting the idea of continuing downwards.
3. MACD Indicator: negative (DIF: -0.93, DEA: -0.91) with confirmation of decline (MACD: -0.02).
4. Williams %R Indicator: at -67.04 (in the oversold zone, but the decline may continue).
5. Nearby resistance: at 80.23 and 82.03, which may limit the rise.