$GIGGLE /USDT Technical Analysis
$GIGGLE is losing momentum fast, and until structure changes, rallies are selling opportunities.
Trend and Structure
The market is in a clear bearish trend with lower highs and lower lows. Price is trading below all major EMAs, confirming strong seller control.
EMA Levels
EMA 7: 62.99
EMA 25: 67.03
EMA 99: 81.38
Bearish EMA alignment with EMAs acting as overhead resistance. No reversal signal yet.
Price Action
Current price is around 58.97 after a sharp breakdown. The move toward 57 shows strong bearish momentum. Any small bounce at this level is corrective unless structure shifts.
Key Levels
Support: 57.00
Below support: 55.00 – 52.00
Resistance:
63.00 – 65.00
67.00 – 68.50
Trade Setups
Short Setup (Preferred)
Entry: 63.00 – 65.00
Stop Loss: 68.50
Targets: 57.00, 55.00, 52.00
Aggressive Long (Scalp Only)
Entry: 57.00 – 58.00
Stop Loss: 55.50
Target: 63.00
Condition: Only valid on strong bullish confirmation. Counter-trend trade.
Bias remains bearish. Until price reclaims 67 and holds above EMA 25, the strategy remains selling pullbacks rather than buying dips.
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