📉 $GIGGLE
Short Setup — Trend Weakness Under Watch
Market View:
$GIGGLE is showing signs of structural exhaustion with overall trend pressure turning bearish. Price action is struggling to build higher highs, while the long-term moving average slope continues to point downward — a sign of weakening trend strength.
Current: GIGGLEUSDT Perp — 29.08 (-7.15%)
📊 Short Signal Plan
🔻 Entry Zone: Watch for rejection in the $31.80 – $32.20 resistance band (prior bounce failure area)
🎯 Primary Target: $29.10 demand zone
🎯 Secondary Target: $27.20 major liquidity floor
🛑 Invalidation / Stop-Loss: 4H candle close above $33.50
Trade Idea:
Although the project’s token mechanics may offer longer-term support, current memecoin sentiment remains weak. Any relief rally into resistance is more likely to be sold unless structure shifts. A confirmed breakdown and hold below the $30.00 psychological level would strengthen the short bias.
Risk manage properly — wait for confirmation, not anticipation.
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