GIGGLE's recent performance is quite interesting. The current price hovers around 61.45, down 12.9% from the previous high. Technically, the price is still operating within a downward trend, but recent signs suggest that the trend may be about to change—such signals are not common within a 110-K-line cycle.

From a positional perspective, the 61.22 level is very critical, as the price is already quite close to it. For short traders, this line serves as a dynamic stop-loss reference. Once the price stabilizes above this line and volume increases, the original bearish pattern may be coming to an end, so special attention is needed.

Support and resistance levels are arranged as follows: the current price itself is the first support. Looking upward, the levels at 69.19, 70.30, and 71.33 all constitute significant resistance.

From a trading perspective, short opportunities still exist, but one must closely follow the trailing line. On the bullish side, caution is advised, as the resistance overhead is formidable.

It should be noted that the current rebound does not yet indicate a trend reversal. The MACD indicator remains in the bearish zone, and a true reversal requires the price to effectively break above the upper trendline and stabilize. So, don’t be fooled by oversold rebounds.