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$GIGGLE USDT (1h) - Lower High & Distribution Breakdown
Bias: Short
Entry (Zone): 32.90 – 33.40
Targets:
TP1: 32.15
TP2: 31.60
TP3: 31.00
Stop Loss: 34.10
Why this Setup:
I’m leaning short as the asset shows a clear structural breakdown from its distribution peak at 34.85. The price action has entered a downtrend characterized by consecutive lower highs and lower lows on the 1-hour timeframe. The recent sell-off forcefully sliced through intermediate support structures, and the weak attempt at consolidation near 32.67 lacks meaningful buying volume. With sellers firmly maintaining control of overhead levels, I expect a continuation downward to retest and break below the 32.17 support toward the next major demand zone.
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