$GIGGLE is flashing a classic "Distribution Trap" as sellers aggressively reject the $31.00 level!

SHORT: GIGGLE

Entry: 30.64

Stop-Loss: 30.85

TP1: 30.40

TP2: 30.20

TP3: 30.04

$GIGGLE is showing clear signs of exhaustion on the 15m chart after failing to sustain its recent bounce. The price action is characterized by a series of lower highs, with current candles struggling to reclaim the 30.65 pivot zone.

Momentum is tilting bearish as the price slides back toward the 24h low of 30.03. With the 24h volume for GIGGLE sitting at roughly 264k, the lack of significant buying pressure suggests that the path of least resistance remains downward.

As long as the 30.81 resistance (recent local peak) stays unbreached, the technical structure favors a continued bleed toward the lower liquidity targets near the $30.00 psychological support.

Trade $GIGGLE here 👇