$GIGGLE saw a notable short liquidation around $71.28, suggesting that bearish traders underestimated the strength of the current structure. This liquidation indicates potential for a sharp upside move as price reclaims control above key psychological levels. A strategic entry point (EP) is between $70.80 and $71.50, aligning with the post-liquidation consolidation zone. If bullish momentum continues, the primary take profit (TP) target lies at $76.00, with a further extension toward $82.00 if buying pressure intensifies. To stay protected against sudden reversals, the stop loss (SL) should be placed below $67.80.
GIGGLEUSDT
Perp
69.28
-5.65%