Currency $GIGGLE .. Does it continue to fall? 📉
Today we notice significant selling pressure that has led to the currency dropping to a level of $27.54. Despite current attempts to bounce back above the $28 level, the overall trend is still under the control of the bears.
🛑 Negative scenario: Breaking the $27.50 level could open the door to a more intense downward wave.
✅ Positive scenario: We need to close a 4-hour candle above $29.00 (heavy average) to start talking about a change in direction to bullish.
Tip of the hour: Don't chase false rebounds; wait for a breakout confirmation. Do you see it as an opportunity to buy from the bottom or is it continuing to bleed? 👇🔥
Today we notice significant selling pressure that has led to the currency dropping to a level of $27.54. Despite current attempts to bounce back above the $28 level, the overall trend is still under the control of the bears.
🛑 Negative scenario: Breaking the $27.50 level could open the door to a more intense downward wave.
✅ Positive scenario: We need to close a 4-hour candle above $29.00 (heavy average) to start talking about a change in direction to bullish.
Tip of the hour: Don't chase false rebounds; wait for a breakout confirmation. Do you see it as an opportunity to buy from the bottom or is it continuing to bleed? 👇🔥