Trading Plan Short $GIGGLE
$GIGGLE just rejected the 1h EMA21, setting up for a potential distribution.
Entry: $34.46-$35.21
Stoploss: $36.00
Targets: $33.80 / $32.50 / $31.00
GIGGLE wicked into 34.83 resistance after a weak bounce. Taker sell volume is aggressive, pushing price down while OI bleeds, indicating trapped longs getting squeezed. The 1h BB is contracting, setting for a downside expansion. Smart money likely distributed into yesterday's high, now looking to push lower. Reclaim $35.75, short voided.
Trade $GIGGLE here 👇
$GIGGLE just rejected the 1h EMA21, setting up for a potential distribution.
Entry: $34.46-$35.21
Stoploss: $36.00
Targets: $33.80 / $32.50 / $31.00
GIGGLE wicked into 34.83 resistance after a weak bounce. Taker sell volume is aggressive, pushing price down while OI bleeds, indicating trapped longs getting squeezed. The 1h BB is contracting, setting for a downside expansion. Smart money likely distributed into yesterday's high, now looking to push lower. Reclaim $35.75, short voided.
Trade $GIGGLE here 👇