GIGGLEUSDT – Buy Setup (Swing) | Logic
Last week candle has done a liquidity sweep at the bottom and received a strong rejection from there.
After that, the day time frame candle is closing bullish, which shows the strength of buyers.
Price is now respecting the support zone and selling pressure seems weak.
Entry Plan:
If the day candle closes bullish, then a buy entry plan can be made on the next retest / pullback.
Entry:
70.60 – 71.00 (After the day candle bullish close, on retest)
Stop Loss (SL):
66.90 (Below last week's liquidity sweep)
Take Profit (TP):
TP1: 83.20
TP2: 95.40
Swing target: upper resistance / previous high zone
Conclusion:
Overall structure is signaling a bullish reversal.
Day candle bullish close = swing buy setup valid, otherwise avoid the trade.
(Risk management must be followed)