$GIGGLE Signal
Pullback to go long, 1H level accumulating for a move
$GIGGLE After the Bollinger Bands at the 4H level widen significantly, the price pulls back to the middle band, the 1-hour MACD fast and slow lines converge, the histogram turns green, and selling pressure near 48.5 is quickly absorbed. Market depth shows buy orders are 15.7% thicker than sell orders, indicating a clear intention of support from funds.
🎯Direction: Long
⚡Entry/Order: Enter at the current price around 48.34, or place a buy order at 39.53 to catch a deep pullback.
🛑Stop loss: 32.94
🚀Target 1: 52.70
🚀Target 2: 59.28
🛡️Trade management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price fails to stay above 49 and drops below 48 again, consider exiting early and observing.
Current holdings are stable, funding rates are nearly zero, with no obvious short squeeze or distribution pressure. The 1-hour price oscillates between EMA20 and EMA50, RSI has fallen from overbought to neutral, providing room for another upward move. The risk-reward ratio is close to 1:3, making this setup worth a try.
