Laughing loudly, but when it comes to a pullback—never holds back!
$GIGGLE current price 44.13, +21.37%. I’m looking bearish on this candle: a typical small-cap Meme squeeze + emotional surge. It’s not a trend start you can safely chase. Earlier contract OI was about $32.84M, nearly right against the token’s circulating market cap; short-term liquidations are mostly on the short side—the rise is leveraged short-covering, and spot hasn’t yet provided funding confirmation at the same level.
Action: I already took profits on existing long positions around 44. No chasing new trades while in cash. 46.5 is the first resistance—if it spikes but can’t get through, then I’ll short lightly. First support is 41; strong support / long-short line is 39.5. If it breaks down, watch 35–37. Only if it trades with volume and holds above 46.5 will it overturn the bearish view and open the door to 50–55.
$GIGGLE current price 44.13, +21.37%. I’m looking bearish on this candle: a typical small-cap Meme squeeze + emotional surge. It’s not a trend start you can safely chase. Earlier contract OI was about $32.84M, nearly right against the token’s circulating market cap; short-term liquidations are mostly on the short side—the rise is leveraged short-covering, and spot hasn’t yet provided funding confirmation at the same level.
Action: I already took profits on existing long positions around 44. No chasing new trades while in cash. 46.5 is the first resistance—if it spikes but can’t get through, then I’ll short lightly. First support is 41; strong support / long-short line is 39.5. If it breaks down, watch 35–37. Only if it trades with volume and holds above 46.5 will it overturn the bearish view and open the door to 50–55.