#比特币对比代币化黄金 ⚡ $GIGGLE Short Opportunity Incoming? Check Out This Technical Setup

To get straight to the point: I personally lean bearish.

Consider entering at the 91.53 level, with the stop set at 100.79. If things go well, the first target is 77.64, and for the more aggressive, the second target could be 63.75.

Why this outlook? Looking at the 4-hour chart, the price action is pretty clear—a classic weak structure. The previous support zone around 94.84 didn’t hold and now has become a resistance area. Currently, price is lingering just below this resistance, with clear signs of struggling to break higher.

If price continues to be suppressed at this level, the odds of a continued drop are quite high. The key is whether it can break down cleanly from the current narrow consolidation range—that would be a confirmation signal.

Of course, every trade needs a limit. If price reverses and breaks above 100.79 and holds, this short thesis is invalid and needs to be reassessed.

On a side note, it’s also worth paying attention to the recent movements of $BEAT and $IRYS . Sometimes, market sentiment spillover is pretty interesting.