【$GIGGLE Signal】Short squeeze pullback, sniper second push

$GIGGLE After a rally on the 1H timeframe, the price pulls back, oscillating between the upper Bollinger Band and EMA20. The MACD histogram on the 4H timeframe is still expanding, but the 1H RSI has fallen from overbought territory to 75.48. Market depth shows sell orders are 11.62% higher than buy orders, with active buying gradually absorbing selling pressure above.

There is strong support around 39.5, with active buying at this level.

🎯Direction: Pullback to go long

⚡Entry: Within the 32.04 - 41.58 range, with the current price near 41.58, you can try a small long position directly.

🛑Stop loss: 28.37

🚀Target 1: 41.80

🚀Target 2: 41.97

🛡️Trade management: - Execute strategy: Reduce position by half after the price reaches 41.80, and move the remaining stop loss up to the entry price. If the price cannot hold above 41.58 and turns downward, exit immediately.

Negative funding rates combined with stable open interest suggest a potential squeeze on the shorts. Although the 1H buy order depth is temporarily imbalanced, the large order transaction ratio still shows active buying dominance, indicating this is not a top. The 4H Bollinger Bands have just opened, with the middle band at 35.19 providing dynamic support. The strength of the initial rebound after the first pullback is critical. The risk-reward ratio isn't perfect, but before momentum wanes, the first correction is worth testing with a small position.

Check real-time quotes 👇 $GIGGLE
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