$GIGGLE Short Liquidation Update
Short positions worth $4.9683K were liquidated at $62.46246, confirming aggressive buying pressure and forcing bears to cover.
Market Structure
Price is holding above the liquidation sweep, showing acceptance at higher levels. This type of move often fuels continuation when follow-through volume appears.
Key Levels
Support: $62.40 – $60.90
Resistance: $66.80 → $71.50
Bullish Trade Setup
Entry: Break and hold above $66.80, or a controlled pullback holding above $62.40
Targets:
TP1: $71.50
TP2: $77.80
Stop Loss: Below $60.20
Market Sentiment
The short squeeze shifted momentum firmly toward buyers. With sellers forced out and structure holding, dips are viewed as continuation opportunities rather than weakness.
Bullish bias remains active while price holds support and volume confirms upside strength.
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