I’m keeping my eyes on this move with you because the structure is starting to open up now.
After a sharp impulsive pump, $GIGGLE failed to hold the highs and got rejected hard from the top zone. The follow-through looks weak, selling pressure is increasing, and the bounce attempts are getting sold quickly, which keeps the bias to the downside.
As long as price stays below the rejection area, continuation lower remains in play.
Entry:
68.5 – 70.0
Stop Loss:
73.2
TP1:
65.8
TP2:
62.5
TP3:
58.9
High volatility setup — position size should be managed carefully.
GIGGLEUSDT
Prep
67.6
+0.85%