🔥 $GIGGLE is in FREEFALL! 📉
Entry Zone: 64.0 – 66.0
TP1: 61.2
TP2: 58.0
Stop Loss: 68.2
$GIGGLE formed a massive distribution top and completely collapsed. This wasn’t a simple correction – the entire trend structure shifted bearish. Lower highs and lower lows are now firmly established. Recent attempts to rally fizzled out at a critical resistance zone (64.0–64.5), confirming sellers are in control.
Right now, $GIGGLE is trapped below major resistance and a descending trendline. Any bounce is likely a dead-cat bounce, not a reversal. Sentiment is overwhelmingly risk-off, with trapped buyers adding to the selling pressure. Don't fight the trend! Focus on shorting rallies.
A break and sustained hold *above* 66 with significant volume would change things, but until then, the short side dominates. 🐻
#GIGGLE #Shorts #CryptoTrading #BearMarket 🔽
