$GIGGLE /USDT BEARISH – “SELLERS DOMINATING AS PRICE STRUGGLES TO HOLD SUPPORT!”
Immediate Explanation:
$GIGGLE has been under pressure, dropping from its 24h high of 93.99 to the current 89.91, showing signs of weakening bullish momentum. Price is hovering near short-term support at 86.30, and repeated lower highs indicate that sellers remain in control. Until buyers reclaim the 93–95 resistance zone, the market is likely to see further downside or consolidation near current levels.
TRADE SETUP (SHORT ENTRY):
Entry: 90.00 – 91.50 (on weak bounce)
TP1: 86.30
TP2: 80.13 (major support)
TP3: 74.00 (extended target)
SL: 94.00 (above resistance)
TRADE SETUP (LONG ENTRY – If support holds):
Entry: 86.30 – 87.50
TP1: 93.00
TP2: 96.84
SL: 85.00 (below key support)
MARKET OUTLOOK:
$GIGGLE remains in a short-term bearish trend, with sellers controlling the price action. A break below 86.30 could trigger further declines toward lower support levels. Traders should monitor for a potential reversal if volume picks up near support, but for now, caution favors bearish positioning.
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