🚨 $GIGGLE Downtrend Alert: Perfect Short Setup at Resistance ⚡️
Plan Trade: Short 🔴
Entry Zone: 73 - 71
• Ideal: Wait for a pullback to 73.50 - 74.50
Take Profit:
🎯 TP1: 69.2
🎯 TP2: 67.6
🎯 TP3: 66.8
Stop Loss: 76.5
GIGGLEUSDT
Perp
70.18
-0.49%
🔥Technical Analysis:
D1 & H4 timeframes confirm a dominant bearish trend with the price sitting well below key EMAs. Specifically, on H4, the price is suppressed by EMA 25 (73.90) and EMA 50 (79.45). Lower timeframes (15m & 1H) show a slight recovery, creating a prime opportunity to enter a Short position as the price retests resistance levels.
⚠️ Risk Warning: Strictly Stop Loss above 76.50 (invalidation of the recent bearish structure).