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$GIGGLE /USDT's bounce is a classic trap. The actual move will begin shortly.
$GIGGLE - SHORT
Trading Plan:
Entry: 25.60 – 25.76
Stop Loss: 26.48
Take Profit 1: 25.08
Take Profit 2: 24.68
Take Profit 3: 24.08
Why this setup?
The 4H chart is ready for a SHORT. The RSI on the 15M is oversold at 32.47, indicating that each small rebound is weak and presents a potential entry point. The 1D trend is flat, and the price is at a key reference level (25.68). A break below 24.99 invalidates the range and confirms a bearish structure toward TP1 at 25.08.
Debate:
Is this oversold RSI a false rebound or the final cleanup before a decline?
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