$GIGGLE (Ascending Oscillation/Retest) 🚀
Current situation: The price is at 66.27, showing a strong rebound from the local bottom at 64.68. The price is currently breaking through the fast moving averages (MA7 at 65.77 and MA25 at 65.82) and is heading to test MA99 at 66.90.
Momentum (RSI): The indicator is at 74.55, reflecting strong and stable buying momentum that supports the continuation of the rise.
Best entry areas:
Option one (Retest): It is preferable to wait for a slight pullback to test the area of 65.82 (the convergence point of the fast averages) as support before entering.
Option two (Breakout): Enter immediately upon confirmation of stability above 66.90 to ensure breaking free from distant resistance and targeting the previous peak at 68.62.
Targets: First target 68.62 then 70.00.
Stop loss: Close an hour below the support level of 64.68
