【$GIGGLE Signal】Long! 1H breakout and pullback confirmation, main force clearly intends to support the market

$GIGGLE The 1H timeframe has experienced a sharp rise followed by a pullback and is now consolidating strongly between 30.5-31.8. The price is above the short-term moving averages, refusing deep corrections. The 4H timeframe has formed a clear upward trend, reaching recent highs with strong momentum. Current open interest remains stable, and after the price increase, there has been no significant pullback, indicating that the main capital is still on the sidelines and not purely a short squeeze.

🎯Direction: Long

⚡Entry/Order: 28.9 - 29.5 (Patiently wait for a pullback to the optimal entry zone, current price is relatively high)

🛑Stop Loss: 27.8

🚀Target 1: 33.5

🚀Target 2: 36.0

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. The remaining position tracks the 4H EMA20 as a trailing stop. If the price fails to stay above the entry zone and breaks below the stop loss, exit decisively.

(Depth Logic: The 1-hour RSI is in a strong zone but not extremely overbought, leaving room for upward movement. Order book data shows substantial buy orders accumulating between 31.6-31.7, forming recent support. The 4-hour volume breakout of the previous consolidation indicates a trend reversal to bullish. Although the funding rate is slightly positive, open interest remains stable, reducing the risk of a short squeeze and favoring a healthy bullish continuation. )

Check real-time market 👇 $GIGGLE

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