$GIGGLE had a major distribution top near 150–160, followed by a brutal breakdown. That was not a normal pullback — it was a trend failure and full bearish structure shift. Since then, price has been making lower highs and lower lows, confirming a strong downtrend on higher timeframes.
On the lower timeframe, price attempted a relief bounce from the 61.2 demand, but that bounce was weak and corrective, not impulsive. The move stalled around 64.0–64.5, which aligns perfectly with a prior breakdown zone and short-term supply. Sellers immediately stepped back in, pushing price back below key short-term averages.
Right now, $GIGGLE is trading below major resistance and below the descending trend structure. Any upside here is just a dead-cat bounce, not trend reversal.
Key levels:
• Strong resistance: 64.5 – 66.0
• Immediate support: 61.2
• Next downside support: 58.0 – 55.5
As long as price stays below 66, the market favors short continuation, not longs. There is no bullish catalyst, no base formation, and no volume expansion on upside attempts.
Sentiment is clearly risk-off. Early buyers are trapped from higher levels, and every bounce is being sold into. This is classic bear-market rally behavior.
Trying to long this structure is fighting the trend. The higher-probability play is shorting rallies, not catching bottoms.
📌 Bias flip condition:
If $GIGGLE reclaims and holds above 66 with strong volume, we reassess. Until then, short-side control remains dominant.
🔽 Short Scalp Trade Signal
Entry Zone: 64.0 – 66.0
TP1: 61.2
TP2: 58.0
Stop Loss: 68.2
Leverage: 20x – 50x
Margin: 2% – 5%
Risk Management: Move your stoploss to entry after TP is smashed
Short #GIGGLE Here 👇👇
