The
$GIGGLE chart is showing a high-probability "liquidity grab" scenario. After a sharp downside move that cleaned out weak hands below the 60.0 level, we are seeing a strong reactive bounce. However, while the immediate bleeding has stopped, the market structure remains in a "fragile transition" phase.
Key Technical Observations:
The Sweep: The move below 60 effectively tapped into deep liquidity, acting as fuel for the current bounce.
Fragile Base: We are currently seeing a transition from a sell-off to a basing pattern. For a full reversal, we need to see price break and hold above the higher timeframe resistance zones.
Risk Guard: The 58.8 SL is the line in the sand. As long as bulls hold this level, the recovery path toward 72.0 remains open.
Optimized Trading Post
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$GIGGLE Recovery: Bulls Fighting Back!
$GI
$GIGGLE t pulled off a classic "Sweep and Reclaim." While the structure is still fragile, the short-term momentum is shifting in favor of the buyers.
📈 Trade Setup:
Entry Zone: 60.5 – 61.5
Stop Loss (SL): 58.8 (Invalidation level)
🎯 Target Profit (TP) Levels:
TP1: 64.5 (Initial Resistance)
TP2: 68.0 (Mid-term Trend)
TP3: 72.0 (Full Recovery Target)
Market Outlook: The bounce is currently corrective. We are looking for a shift from a "base" into a "confirmed reversal." Stay disciplined with your SL, as the structure is still forming.
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