🔻 $GIGGLE — BEAR MARKET REALITY CHECK ⚠️📉
Let’s be honest — this is not a healthy pullback.
#GIGGLE already printed a major distribution top at 150–160, then completely collapsed. That was a full trend failure, and since then the chart has been textbook bearish: lower highs, lower lows, no mercy.
The recent bounce from the 61.2 zone?
That wasn’t strength — it was a weak, corrective relief bounce. Price stalled right at 64.0–64.5, a prior breakdown + supply zone, and sellers instantly stepped back in. That tells you everything. 👀
Right now, price is below key resistance and under a descending structure. Any upside here is just a dead-cat bounce, not a reversal.
📌 Key Levels to Watch
• Resistance: 64.5 – 66.0 (sell zone)
• Support: 61.2
• Next downside: 58.0 – 55.5
As long as we stay below 66, control remains with the bears.
No base. No volume. No catalyst.
Early longs are trapped, and every bounce is getting sold — classic bear-market behavior. 🧊
🎯 Short Scalp Plan
🔴 Entry: 64.0 – 66.0
🎯 TP1: 61.2
🎯 TP2: 58.0
🛑 SL: 68.2
Bias only flips if $GIGGL$GIGGLE ms and holds above 66 with real volume. Until then — rallies are for shorting, not bottom fishing.
👇👇 Short $GIGGLE
with discipline