The 4H chart is screaming a warning that most are ignoring. 📉
📉 Trade Plan: $GIGGLE - SHORT
| Level | Price |
|---|---|
| Entry Range | 24.02 – 24.16 |
| Stop Loss (SL) | 24.76 |
| Target 1 (TP1) | 23.59 |
| Target 2 (TP2) | 23.26 |
| Target 3 (TP3) | 22.76 |
Technical Breakdown
The setup is primed for a SHORT. Price is currently rejecting the 24.09 reference level within the daily range.
* RSI Weakness: Momentum is fading on lower timeframes, with the 15M RSI sitting at 41.62, failing to reclaim bullish territory.
* Confirmation: A clean break below 24.02 confirms the breakdown toward our primary targets.
The Big Debate
Is this the final rejection before a total breakdown, or will the daily support range hold firm one more time? The bears seem to have the upper hand here.
Trade here 👇
GIGGLEUSDT
Perp
23.78
+0.72%