Is GIGADEV at a major resistance inflection? Here's my read
SETUP — 📉 SHORT
Here's what the data shows:
• Price: 68.30 (24H Range: 63.23–68.93)
• RSI(14): 63.4 — Near Overbought
• EMA20: $66.90 | EMA50: $66.00 ⚠️ Above EMA50
• Volume: $5.60M
📉 If yes, here's the plan:
📉 Entry: 67.89 – 68.57
🛑 Stop: 72.00
🎯 TP1: 61.67
🎯 TP2: 57.45
🎯 TP3: 51.63
The chart is doing exactly what a distribution pattern does.
The market is efficient except when it's not — and right now it's not.
No relief rally on — sellers persistent.
Higher Low Printed 👉 $GIGADEV 👈 Buy
#GIGADEV
SETUP — 📉 SHORT
Here's what the data shows:
• Price: 68.30 (24H Range: 63.23–68.93)
• RSI(14): 63.4 — Near Overbought
• EMA20: $66.90 | EMA50: $66.00 ⚠️ Above EMA50
• Volume: $5.60M
📉 If yes, here's the plan:
📉 Entry: 67.89 – 68.57
🛑 Stop: 72.00
🎯 TP1: 61.67
🎯 TP2: 57.45
🎯 TP3: 51.63
The chart is doing exactly what a distribution pattern does.
The market is efficient except when it's not — and right now it's not.
No relief rally on — sellers persistent.
Higher Low Printed 👉 $GIGADEV 👈 Buy
#GIGADEV