$GIGGLE Short Selling: The double peak market has formed; the high volatility game driven by short-term sentiment
As a senior participant in the crypto market, the current surge of GIGGLE feels more like a short-term sentiment pulse of Meme coins—an increase of 149% in 24 hours without fundamental support. The previous rise to 313 followed by a sharp drop to 47 has confirmed its speculative nature of 'rapid rise and fall'.
Currently, the rebound volume is weaker than the previous high, and the capital rotation of Meme coins is very fast. After the short-term sentiment subsides, the pressure for adjustment is significant. It is recommended to lightly short sell relying on the 260-270 range, with a strict stop-loss set at 280, betting on its return to a reasonable volatility range before the sentiment-driven phase.
As a senior participant in the crypto market, the current surge of GIGGLE feels more like a short-term sentiment pulse of Meme coins—an increase of 149% in 24 hours without fundamental support. The previous rise to 313 followed by a sharp drop to 47 has confirmed its speculative nature of 'rapid rise and fall'.
Currently, the rebound volume is weaker than the previous high, and the capital rotation of Meme coins is very fast. After the short-term sentiment subsides, the pressure for adjustment is significant. It is recommended to lightly short sell relying on the 260-270 range, with a strict stop-loss set at 280, betting on its return to a reasonable volatility range before the sentiment-driven phase.