$GIGGLE showed a strong reaction after sweeping the lower zone near 94.20, confirming demand at that level. We are observing small higher candles forming on the 15m chart, suggesting buyers are attempting to slow the downtrend and regain short-term control. When the market rejects a low and begins to build upward, it often signals a potential momentum flip towards the mid-range. đ
The current structure indicates early support around the 94.00 to 94.30 area, with new candles pushing towards the 95.00 zone. Should this buying pressure sustain, the chart could target the previous rejection area just below 99.38. The pattern is clear: a liquidity grab followed by a strong reaction and the formation of higher lows. â
Here is the trade setup:
Entry: 94.10 - 94.60
TP1: 95.40
TP2: 96.20
TP3: 97.50
SL: 93.40
This potential move depends on $GIGGLE respecting the short-term higher lows on the 15m chart. If candles remain above the identified support zone and buyers continue to step in, momentum could carry the price into a higher range. Keep an eye on the chart for confirmation. đ
