🚀 $GIGGLE : Relief Bounce or Reversal?
$GIGGLE has shown a small bounce of +5.67% after hitting a local bottom at $32.83. The current price is sitting at $37.43.
🔍 Quick Analysis:
Support: $32.83 (Strong Base)
Immediate Resistance: $38.69 (MA 7)
Trend: The price is in a heavy downtrend but is attempting a relief rally because it is currently oversold.
🎯 Trading Targets:
Target 1: $38.70
Target 2: $50.90
Target 3: $83.60
Stop Loss: $31.50
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GIGGLEUSDT
Perp
30.57
-17.71%
Note: The trend remains bearish until the price breaks above the MA(25) at $50.90. Short-term scalping is possible here.
Bullish or Bearish? Drop your thoughts below! 👇