Headline: 🤡 $GIGGLE /USDT: The "Last Laugh" Setup? 🤡
The Chart: 1H Timeframe
Current Price: ~$53.92
📉 The Context:
GIGGLE just took a massive nose dive to $49.79, flushing out weak hands with a huge volume spike (classic capitulation). Now, it's consolidating in the $52 - $54 range. The Moving Averages (MA7 & MA25) are pushing down, creating a "pressure cooker" scenario.
🔥 The Setup (Contrarian Long)
Why? The massive volume on the drop suggests the sellers are exhausted. If we hold the $50 level, a relief rally to the MA99 is highly probable.
🎯 ENTRY: $52.50 - $53.50 (Look for entries on small dips)
🚫 STOP LOSS: $49.50 (Strict stop below the panic wick)
💰 TAKE PROFIT 1: $55.30 (Test of MA25)
💰 TAKE PROFIT 2: $59.90 (The MA99 & major liquidity zone)
💰 TAKE PROFIT 3: $63.50 (Moonbag 🌕)
⚠️ Risk Check:
This is a High Volatility play. We are catching a falling knife that has turned into a spoon. If $49.79 breaks, cut it immediately—no emotions!
Summary for the busy trader:
Volume spike ✅ Support established ✅ Risk/Reward > 1:3 ✅
Let’s see if the bulls can reclaim the moving averages! 🐂📈
