When speculation runs out of fuel, assets with the greatest risk exposure are the first to feel the pull of gravity.
What we see in $GIGGLE is the direct reflection of a massive capital outflow, where every previous support level eventually gives way in the absence of genuine buying interest. Without volume to back up defensive attempts, selling pressure takes absolute control and clears the field, making it clear that when liquidity contracts, violent downward moves spare no fragile structures.
What we see in $GIGGLE is the direct reflection of a massive capital outflow, where every previous support level eventually gives way in the absence of genuine buying interest. Without volume to back up defensive attempts, selling pressure takes absolute control and clears the field, making it clear that when liquidity contracts, violent downward moves spare no fragile structures.
