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$GIGGLE strong sell pressure, I’m watching continuation after a failed bounce from 24.47.
Price is printing consistent lower highs while trading below all major EMAs. The rebound attempt into 25.6 got rejected quickly, showing sellers still control structure.
Market read:
– Clear downtrend from 29.9 top.
– EMA(7/25/99) fully stacked bearish.
– RSI deeply oversold but still trending down.
– Relief bounce failed → continuation risk high.
Entry Point:
Aggressive: 24.60–24.80 on weak pullback rejection.
Conservative: Break below 24.40 with 1H close.
Target Point:
TP1: 24.20
TP2: 23.80
TP3: 23.30
Stop Loss:
Above 25.60 (structure invalidation).
How it’s possible:
Momentum expansion already happened and buyers failed to reclaim EMA resistance. If 24.47 breaks cleanly, liquidity below becomes next magnet.
No reversal confirmation yet. Trend still short-biased.
DYOR
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