$GIGGLE is currently trading around 66.6 after a sharp downside sweep to 65.11 followed by a quick recovery. That long lower wick signals strong demand absorption at lower levels. The price has now reclaimed the 65.8–66.0 zone, which is important short-term structure support.
On the 1H timeframe, momentum is attempting to shift from corrective to recovery. The move looks like a liquidity grab + base formation, not a full trend breakdown.
Market Structure Overview
Short-term trend: Range to recovery
Key Support: 65.2 – 65.8
Key Resistance: 67.3 – 68.0
Bias: Bullish continuation if 65.8 holds
Trade Setup (Recovery / Range Break)
Entry Zone: 65.9 – 66.6
(ideal on shallow pullbacks)
Target 1: 67.3
(recent high / range top)
Target 2: 69.0
(range expansion level)
Target 3: 71.5
(momentum continuation if breakout sustains)
Stop Loss: 64.9
(below liquidity sweep and structure low)
Execution Notes
A 1H close above 67.3 with volume confirms bullish continuation.
Conservative traders can wait for a retest of 66.0 as support before entering.
Failure to hold 65.2 invalidates the bullish setup and opens downside risk.
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