🔥 $GIGGLE — Bounce or Breakdown? Eyes on This Zone 🔥
Bias: Bearish overall ⚠️ but exhaustion + consolidation hint a tactical bounce may be loading.
📉 Market Snapshot
Price: -76% from ATH (290$)
Range locked: 64.68$ – 74.55$
Strong pin bar rejection at 64.68$ → buyers defended hard
Volume fading on dumps → selling pressure weakening
24h Volume: 1.89M$ → enough fuel for volatility
💰 Capital Flows
24h Spot: -2.6M$
24h Contracts: -4.7M$
BUT 👀 Smart shift detected:
4h contracts: +269K$
6h contracts: +1.05M$ → early accumulation signal
📊 Indicators Check
Bollinger Bands: Oversold
MACD: Histogram divergence
Structure: Support still intact (for now)
🎯 Trade Setup — Cautious Long (Dip Buy)
🟢 Entry: 65.00$ – 67.00$
🔴 SL: 62.50$
🎯 TP1: 74.50$
🎯 TP2: 77.00$
❌ Invalidation:
Lose 64.68$ support → bounce idea dead
Next downside target: 57.69$
⚡ Bottom Line:
Trend still bearish, but exhaustion + inflows + defended support = bounce potential.
Quick trade, tight risk. Not a long-term hold.
🚀 Dead cat bounce… or start of a recovery leg?
