$GIGGLE /USDT: Bears Still Control the Trend
Most traders are looking for a bounce, but the current price action tells a different story.
The 4H chart continues to reject higher levels, and until that structure changes, I believe sellers still have the upper hand. While the lower timeframes show oversold conditions, that alone isn't enough to confirm a trend reversal.
My focus remains on the 24.24–24.30 resistance zone. As long as price trades below this area, the bearish momentum is still intact, with potential downside targets around 23.82, 23.53, and 23.08.
A break above 24.86 would invalidate this short idea and signal that buyers are beginning to regain control.
For now, I'm treating every weak rally as a potential selling opportunity rather than chasing a reversal. Risk management remains the priority while the higher-timeframe trend stays bearish.
#GİGGLE
$GIGGLE #crypto
Most traders are looking for a bounce, but the current price action tells a different story.
The 4H chart continues to reject higher levels, and until that structure changes, I believe sellers still have the upper hand. While the lower timeframes show oversold conditions, that alone isn't enough to confirm a trend reversal.
My focus remains on the 24.24–24.30 resistance zone. As long as price trades below this area, the bearish momentum is still intact, with potential downside targets around 23.82, 23.53, and 23.08.
A break above 24.86 would invalidate this short idea and signal that buyers are beginning to regain control.
For now, I'm treating every weak rally as a potential selling opportunity rather than chasing a reversal. Risk management remains the priority while the higher-timeframe trend stays bearish.
#GİGGLE
$GIGGLE #crypto