šØ $GIGGLE : Sniper Bottom Fishing - Long Setup for the Bounce! š
Plan trade: Long š¢
Entry Zone: $82.5 - $84.5
Take Profit:
šÆ TP1: $86.5
šÆ TP2: $88.5
šÆ TP3: $90.5
Stop Loss: $80.5
š„ Technical Analysis:
On H4 and H1 timeframes, $GIGGLE is showing signs of bottoming out after a sharp correction from $93.28 to the strong support zone at $81.23. The price is attempting to reclaim short-term EMAs. RSI bounced from oversold territory and is heading towards 50, indicating selling exhaustion. A slight increase in volume at the lows suggests smart money accumulation. The long lower wick candle at support reinforces the potential for a recovery rally.
ā ļø Stop Loss Rationale:
The $80.5 level sits just below the recent Swing Low of $81.23. If this level breaks, the recovery scenario fails, and the price may seek new lows.
