Brothers, I am Hongcai! Today, watching the market has made me feel tired. GIGGLE has actually moved in a straight line for five days, with only a fluctuation of 10 points up and down! This is not trading, it's simply sitting in meditation! I know many old friends can't hold back any longer, today let’s peel back the “Buddhist market trend” and see what secrets are hidden inside!
News
Although there are currently no major breaking news about GIGGLE, this extreme sideways movement itself is the strongest market language. Low trading volume and zero volatility indicate that the main funds are in high control, and retail investors have fallen into a wait-and-see state. Such moments often mean that a big change is brewing, just like the calmest center of a typhoon eye, but the storm is about to come.
Technical analysis
Ceiling pressure: $101! This is the upper edge of the consolidation range, which has been tested repeatedly.
Floor support: 82-92 dollar range, especially 82, is the last line of defense that absolutely cannot be broken.
Current state: Price is stuck in a narrow range between 92-101, MACD is starting to strengthen and showing a 'golden cross', but the trading volume has shrunk to the extreme, which is a typical precursor to directional choice!
My opinion
Small-cap coins change rapidly, and once they break below the 82 support, they may decline quickly. So be sure not to be blindly optimistic! GIGGLE is squeezed between the ceiling at 101 and the floor at 82, and has been compressed to the limit. It's like a spring being pushed down, ready to explode with a big market movement at any moment!
Retail survival guide
For those already holding positions: set $82 as the stop-loss lifeline, and hold if it doesn't break.
For those looking to enter: do not chase in at the current position! Either wait for a breakout and a pullback to 101 to enter with a small position, or wait for a drop to the 85-82 support zone to layout in batches.
Position discipline: This type of coin should not exceed 5% of the principal, just play with spare money, don't get too carried away!
Today, GIGGLE is likely to continue oscillating between 92-101. But remember what Hongcai said: the end of consolidation is an explosion, and what we need to do is not to fidget in the consolidation but to follow up during the breakout!
Be patient, control your hands, and wait for the market to find its own direction. In this market dominated by dog traders, living longer is more important than making quick profits! Follow Hongcai and participate in every attack from Hongcai! Hongcai will announce the specific entry time and real-time news every day at Caishen's place!#加密市场观察 $GIGGLE
