$GIGGLE Short Liquidation: $2.68K at $222.12

The $GIGGLE market just experienced a significant short squeeze, with $2.68K in short positions liquidated at $222.12. This sharp move underscores the volatility and potential for rapid gains in the current market environment.

Trade Setup:

Entry Zone: $220–$225

Target 1: $240

Target 2: $260

Stop Loss: $210

Rationale:

The $220–$225 zone is identified as a key support area, where previous price reactions suggest buying interest. A move above this zone could trigger further buying, aiming for targets at $240 and $260. A stop loss below $210 is recommended to manage risk.

Market Context:

$GIGGLE has been experiencing significant price fluctuations recently, with a notable short liquidation at $222.12. This event highlights the importance of monitoring key support and resistance levels in the current market environment.

Please note that all trading involves risk, and it's essential to conduct thorough research and consider your financial situation before making investment decisions.