GIGGLE dropped 11% while you were sleeping — is this a dip or the start of something worse? 📉
Price at $35.95 just broke below the 4H SMA25 ($41.68) and it's not looking pretty. RSI at 44.8 on 4H with declining volume (0.81x ratio). The pump from last week is unwinding fast.
📊 Reading the Damage:
Daily trend was still bullish (above SMA25 at $29.49 and SMA99 at $29.90), but the 4H chart shows clear distribution. MACD on 4H is still positive but histogram is weakening. This is what a momentum fade looks like — not a crash, but a controlled bleed.
Key question: Does $34 hold as support, or are we revisiting $30?
🎯 The Plan:
• Entry on bounce: $34.00–$35.00 (if $34 holds with volume)
• Stop Loss: $31.30
• TP1: $37.40 | TP2: $38.80 | TP3: $40.30
• R:R = 2.3x
⚠️ No catch attempts until we see a confirmed bounce with volume.
Is GIGGLE a buy-the-dip play or a dead cat bounce? What's your read? 🤔
#GIGGLE #Crypto #DYOR
📌 Not financial advice. Always DYOR and manage your risk.
Price at $35.95 just broke below the 4H SMA25 ($41.68) and it's not looking pretty. RSI at 44.8 on 4H with declining volume (0.81x ratio). The pump from last week is unwinding fast.
📊 Reading the Damage:
Daily trend was still bullish (above SMA25 at $29.49 and SMA99 at $29.90), but the 4H chart shows clear distribution. MACD on 4H is still positive but histogram is weakening. This is what a momentum fade looks like — not a crash, but a controlled bleed.
Key question: Does $34 hold as support, or are we revisiting $30?
🎯 The Plan:
• Entry on bounce: $34.00–$35.00 (if $34 holds with volume)
• Stop Loss: $31.30
• TP1: $37.40 | TP2: $38.80 | TP3: $40.30
• R:R = 2.3x
⚠️ No catch attempts until we see a confirmed bounce with volume.
Is GIGGLE a buy-the-dip play or a dead cat bounce? What's your read? 🤔
#GIGGLE #Crypto #DYOR
📌 Not financial advice. Always DYOR and manage your risk.