"There is no eternal bull market in the cryptocurrency world, only eternal fluctuations. If you panic sell today, you might miss the rebound tomorrow—the key is to understand the signals and not let emotions lead you by the nose!"
Hello everyone, I am Anna, an experienced player in the cryptocurrency world and a senior financial analyst. Every day I focus on the candlestick charts, just like a doctor examines an ECG, as subtle changes can predict life and death.
I remember last month, one of my fans blindly tried to catch the falling knife during a drop similar to GIGGLE, resulting in a halving of their capital; but another fan followed my advice, waited patiently, and made a small profit after the trend became clear. This tells me: trading cryptocurrencies is not about gambling on size, but about strategy. Today, I will use this GIGGLE one-hour chart to help you dissect the market and avoid pitfalls.
First, look at this chart. GIGGLE's hourly candlestick shows a clear downtrend, with a high resistance level at 224.00, rebound resistance at 180.00, and bottom support at 90.00 — it’s like climbing a mountain, the peak is too high, and there are cliffs along the way, so be careful where you step. The MACD indicator's white and yellow lines are moving downward after a death cross below the zero axis, indicating that the bearish strength is still at work, making a short-term turnaround difficult. The RSI has entered the oversold zone (below 30), meaning it has dropped too hard, and market sentiment is panicking, but oversold often suggests a potential rebound; volume has shrunk, indicating fewer buyers and sellers, and everyone is watching, just like the calm before a storm.
Today's trend prediction: Will it surge to 180 or drop to 120?
Based on the current information, the probability of directly breaking through the 180 resistance after the market moves is very low — MACD's death cross is moving down, and the trend has not reversed; 180 is like a wall, and without significant positive news, it is hard to break through. It is more likely to first test the key level near 144; if it cannot hold, it will continue to probe the 120 support level. Why? Because although an oversold state may trigger a small rebound, the volume has not increased, and funds are hesitant to enter, resulting in a strong downward inertia. In simple terms: today's wave is likely a choppy downward movement, with resistance possibly encountered near 144 before approaching 120. Players should not rush to catch the bottom; be careful of getting trapped.
What should players do? Practical strategy sharing.
Current players, especially novices, remember the three-word mantra: wait, watch, act.
Wait: The trend is unclear, don't get anxious. Focus on observing, wait for MACD golden cross or increased volume before considering.
Look: Focus on 120 support and 180 resistance. A drop below 120 may lead to a deep decline, and a breakthrough above 180 is needed to talk about a reversal.
Act: If you hold positions, set stop-loss orders; if you are out of position, you can use small funds to lightly test long positions in the oversold zone, but be sure to enter and exit quickly, don’t be greedy.
In terms of trading methods, Anna suggests learning the "pyramid averaging method": buy in batches when it drops, sell in batches when it rises, don’t go all in at once. Example: I made 20% profit last year using this method in a similar market, the key is discipline.
Past market trends are lessons. GIGGLE's drop from its peak indicates that the bubble is bursting; in the later trend, if the news eases, a sharp rebound may occur, but the overall trend is still bearish. Players, surprises are always in the crypto world, and the next major surge signal may come when MACD turns — but when exactly? Which coins will lead the surge? I have a unique indicator here, to be shared next time.
If you don’t know the specific entry timing and exit points, and for fans who are holding positions, you can follow Anna. Anna will announce daily coins and entry points as well as exit timing in Anna Village 24 hours a day.
