1. Script for Buyers (Open Long Position)$GIGGLE
-- Opening a buy order during this period is extremely risky, so it should only be done when there are clear signs of stability.
Entry Point:
-- If the price recovers: Wait for the price to break and hold above $280.00 (previous resistance peak) or wait for a clear bullish reversal candlestick pattern to form after the price has stabilized around a certain support area.
-- Most cautious: Wait for the price to correct deeply back to the MA lines (MA(7) and MA(25) are around $259.60 and $153.87 respectively) and show strong recovery signs there.
Stop Loss:
Should be placed just below the nearest support level that you expect the price to hold. For example, if entering at $230.00, set the stop loss at $200.00.
2. Script for Sellers (Open Short Position / Take Profit) $GIGGLE
If you already have a buy order from before, here are the potential take profit points. If you want to open a sell position (Short):
Entry Point:
-- Price fails at resistance: Place a sell order when the price tests the resistance level of $280.00 and a bearish reversal candlestick pattern (Doji candle, inverted hammer, or Bearish Engulfing candle) appears on a smaller time frame.
-- Price breaks support: Place a sell order when the price strongly breaks and closes below the nearest support level to follow the downward trend.
Stop Loss:
Should be placed just above the resistance level that you expect the price will not exceed.
Take Profit:
🚀TP1: Around the support area of $220.00 - $230.00.
🚀TP2: Around the deeper support area of $150.00 - $180.00.
In the meme coin market, the risk is extremely high, you should consider whether to enter a trade or not
$GIGGLE
-- Opening a buy order during this period is extremely risky, so it should only be done when there are clear signs of stability.
Entry Point:
-- If the price recovers: Wait for the price to break and hold above $280.00 (previous resistance peak) or wait for a clear bullish reversal candlestick pattern to form after the price has stabilized around a certain support area.
-- Most cautious: Wait for the price to correct deeply back to the MA lines (MA(7) and MA(25) are around $259.60 and $153.87 respectively) and show strong recovery signs there.
Stop Loss:
Should be placed just below the nearest support level that you expect the price to hold. For example, if entering at $230.00, set the stop loss at $200.00.
2. Script for Sellers (Open Short Position / Take Profit) $GIGGLE
If you already have a buy order from before, here are the potential take profit points. If you want to open a sell position (Short):
Entry Point:
-- Price fails at resistance: Place a sell order when the price tests the resistance level of $280.00 and a bearish reversal candlestick pattern (Doji candle, inverted hammer, or Bearish Engulfing candle) appears on a smaller time frame.
-- Price breaks support: Place a sell order when the price strongly breaks and closes below the nearest support level to follow the downward trend.
Stop Loss:
Should be placed just above the resistance level that you expect the price will not exceed.
Take Profit:
🚀TP1: Around the support area of $220.00 - $230.00.
🚀TP2: Around the deeper support area of $150.00 - $180.00.
In the meme coin market, the risk is extremely high, you should consider whether to enter a trade or not
$GIGGLE