🚨 $GIGGLE is failing exactly where continuation should happen.

🔴 SHORT $GIGGLE

GIGGLEUSDT

Perp

31.58

+0.66%

Entry: $31.45 - $31.50

SL: $33.20

TP1: $30.70

TP2: $29.80

TP3: $28.50

Price is struggling to hold above both EMAs after a sharp rejection from the 24h high ($33.17). EMA(20) at $31.92 and EMA(50) at $32.11 are now acting as resistance, with momentum clearly stalling. The structure shows lower highs forming with each bounce attempt getting weaker.

Invalidation is a daily close back above the EMA cluster at $32.15, which would signal a potential reclaim of momentum.

Are you shorting this rejection or waiting for a clean breakdown?