The price of $GIGGLE has rebounded strongly from around 61.6 and is currently climbing back towards the resistance zone of 63.8-64.3, an area where a pullback previously occurred. This rebound appears to be a easing bounce within the range rather than a decisive breakout. Momentum is weakening as the price approaches resistance, making shorting more risk-rewarding than chasing the rally.
If the price fails to hold above 64.3, it is likely to fall back to the middle of the range.
Short-Term Trading Plan
Short
Entry Area: 63.6 – 64.2
TP1: 62.9
TP2: 62.2
Stop Loss: 64.6
Leverage: 20x – 50x
Margin: 1% – 3%
Risk Warning: Take partial profit at TP1 and move the stop loss to the entry point. If the price accepts and holds above 64.3, close your position immediately—do not chase the price up or down.
#MEME #MarketRebound
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