$GIGGLE /USDT Short Setup: Must Ensure the Given Setup and Point
Entry Point: 254.00 (near the resistance level of 274.00)
Targets:
TP1: 212.95 (current support level)
TP2: 199.52 (lower Bollinger Band, showing possible support)
TP3: 188.05 (further support level)
Stop Loss: 270.00 (slightly above the resistance, considering a safe buffer)
Strategy:
The market is showing signs of weakness, and the price is currently moving below the middle moving average (240.19), indicating potential further downward movement.
Watch for confirmation of rejection at resistance, with candles forming near the 254.00 level.
Risk management is crucial — make sure your position size is adjusted according to your stop loss, and progressively book profits as the price moves downwards.
This setup assumes the price will continue its downtrend, using the 254.00 level as an entry point, with clear target levels to take profit.