📉 $GIGGLE /USDT: Structural SHORT Scenario
The asset shows a clear bearish trend on the 4H chart. Despite the bounce on the 15M, the RSI is in overbought territory (70.65) as it hits the supply zone. We're looking for a continuation of the trend after a liquidity sweep.
🚀 SHORT Trade:
Entry: $35.10 - $35.30 (Order Block Zone)
Stop Loss: $35.85 (Invalidation above the high)
Take Profits: $34.20 / $33.50 / $32.75
Risk: Moderate (1% of account)
⚠️ Note: Don’t chase the price. Wait for rejection at the resistance of $35.34 to confirm institutional entry.
#Trading #GIGGLE #BinanceFutures #ShortAnalysis
The asset shows a clear bearish trend on the 4H chart. Despite the bounce on the 15M, the RSI is in overbought territory (70.65) as it hits the supply zone. We're looking for a continuation of the trend after a liquidity sweep.
🚀 SHORT Trade:
Entry: $35.10 - $35.30 (Order Block Zone)
Stop Loss: $35.85 (Invalidation above the high)
Take Profits: $34.20 / $33.50 / $32.75
Risk: Moderate (1% of account)
⚠️ Note: Don’t chase the price. Wait for rejection at the resistance of $35.34 to confirm institutional entry.
#Trading #GIGGLE #BinanceFutures #ShortAnalysis