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Is $GIGGLE about to go from a meme to a memory? This chart is painful.
Down over 20% today and that flash crash was absolutely brutal. Look at the vertical line down to $56.21.
That one candle just destroyed everything. You have to assume most people who bought above $70 are now underwater and waiting to sell on any bounce.
The immediate resistance is $66.00. We need to clear that to show any strength at all.
This tiny bounce we're seeing now is not convincing. High risk of just being a pause before the next leg down. The Order Book is looking heavy on the ask side, too.
Unless someone steps in with massive buys, I'm shorting any failed attempts to break $66.
#Giggle #BitcoinPriceAnalysis