$GIGGLE Short Liquidation: $1.5027K at $259.52903

The recent correction in $GIGGLE looks healthy — it’s shaking out weak hands and resetting momentum after an overextended run. I like when the market clears excess leverage; it usually rebuilds strength for the next leg up.

I’m watching the $248–$255 range closely as my entry zone. This area has acted as a reaction point several times in the past — it lines up with the 0.382 retracement from the previous swing low and strong volume support. If this level holds, buyers could start regaining control.

Trade Setup:

Entry Zone: $248 – $255

Target 1: $272

Target 2: $289

Stop Loss: $239 (below previous reaction wick)

They’re building strength slowly after the liquidation flush, which often signals accumulation from larger players. If we see price hold above $255 with increasing volume, it could confirm the next breakout leg.

I’ll stay patient and scale in only if price respects this support. Clean structure, low risk, and high potential reward — that’s what I like about this setup.