$GIGADEV 2.6x Volume Spike: Bullish Structure Holds, But Don’t Chase the Pump
My 1h bias remains bullish while price holds above the latest higher low, but this is still a counter-trend bounce inside a bearish daily structure.
The 3.2x volume burst with RSI near 78 looks more like a liquidity run into the 60.56–63.15 supply zone than clean accumulation at the highs. I’m watching for a pullback before considering an entry.
Key setup:
Entry zone: 57.94–58.30
Deeper demand: 56.06
TP1: 60.09
TP2: 60.56
TP3: 62.00
Final liquidity: 63.15
I want to see a 5m/15m bullish shift first: sweep of the demand pocket, bullish engulfing or pin rejection, followed by a close back above 58.15.
Invalidation: 1h close below 55.66.
Flow: OI $1.2M (-4.2% 24h) | Funding -0.0595% | Taker 1.04x
No blind entries. Let price come to the setup and confirm the reversal before taking the trade.$GIGADEV
Not investment advice. Educational report only.
#GIGADEV #CryptoTrading #Altcoins #Binance #Crypto
My 1h bias remains bullish while price holds above the latest higher low, but this is still a counter-trend bounce inside a bearish daily structure.
The 3.2x volume burst with RSI near 78 looks more like a liquidity run into the 60.56–63.15 supply zone than clean accumulation at the highs. I’m watching for a pullback before considering an entry.
Key setup:
Entry zone: 57.94–58.30
Deeper demand: 56.06
TP1: 60.09
TP2: 60.56
TP3: 62.00
Final liquidity: 63.15
I want to see a 5m/15m bullish shift first: sweep of the demand pocket, bullish engulfing or pin rejection, followed by a close back above 58.15.
Invalidation: 1h close below 55.66.
Flow: OI $1.2M (-4.2% 24h) | Funding -0.0595% | Taker 1.04x
No blind entries. Let price come to the setup and confirm the reversal before taking the trade.$GIGADEV
Not investment advice. Educational report only.
#GIGADEV #CryptoTrading #Altcoins #Binance #Crypto