GIGGLE is now around 31.95u. It bounced up more than 7 points from 29.68, but I won’t chase this rebound.
Last night, a big bullish candle shot straight from 31 to 36.86, and volume did expand. But it couldn’t hold—one candle got smashed back to 33.6, then it kept sliding all the way down to 31.9.
When it ran up, the upper part was all candles with long wicks stacked on top.
Now look at the funds. For the spot market, over the past 3 hours the net outflow is a bit over 140k u—out of 12 bars, not a single one is positive. Money has been steadily flowing out.
Futures are even more complicated: positions increased by nearly 10% over 7 hours, but the price didn’t follow. Funding also flipped negative—new money coming in is shorting and catching the falling knife, not momentum/relay capital.
Even the whales look uneasy: the number of accounts is rising, but long positions over the last 7 hours have shrunk by about 14%. They’re talking loudly, but positioning is being reduced.
This pulse was driven by sentiment trading around the “Giggle Academy charity” narrative. KOLs are calling longs left and right, but the actual trading volume didn’t keep up—it's still less than even half of the average volume.
The oversold area might see more swings and rebounds, but that’s more about gambling for a bounce, not a trend reversal.
So my stance: don’t chase the rebound—lean bearish. If you short, don’t chase the lows either; wait until the rebound loses steam. If you already hold, pay attention to the resistance around 36.8–37. If you didn’t enter, just stay away and you’ll be fine.
#giggle $GIGGLE
Last night, a big bullish candle shot straight from 31 to 36.86, and volume did expand. But it couldn’t hold—one candle got smashed back to 33.6, then it kept sliding all the way down to 31.9.
When it ran up, the upper part was all candles with long wicks stacked on top.
Now look at the funds. For the spot market, over the past 3 hours the net outflow is a bit over 140k u—out of 12 bars, not a single one is positive. Money has been steadily flowing out.
Futures are even more complicated: positions increased by nearly 10% over 7 hours, but the price didn’t follow. Funding also flipped negative—new money coming in is shorting and catching the falling knife, not momentum/relay capital.
Even the whales look uneasy: the number of accounts is rising, but long positions over the last 7 hours have shrunk by about 14%. They’re talking loudly, but positioning is being reduced.
This pulse was driven by sentiment trading around the “Giggle Academy charity” narrative. KOLs are calling longs left and right, but the actual trading volume didn’t keep up—it's still less than even half of the average volume.
The oversold area might see more swings and rebounds, but that’s more about gambling for a bounce, not a trend reversal.
So my stance: don’t chase the rebound—lean bearish. If you short, don’t chase the lows either; wait until the rebound loses steam. If you already hold, pay attention to the resistance around 36.8–37. If you didn’t enter, just stay away and you’ll be fine.
#giggle $GIGGLE