【$GIGGLE Signal】Short squeeze pullback, long positions lurking

$GIGGLE 1H timeframe spikes then pulls back, price oscillates between the 4H upper Bollinger Band and 1H midline. Market depth is imbalanced at -7.46%, sell orders are sparse, buy support is clear. The 4H MACD histogram is still expanding, but the 1H MACD momentum is contracting, indicating short-term consolidation is needed. Negative funding rates combined with stable open interest suggest the bearish passive situation remains unchanged.

If the price falls below 38.63, start gradually adding long positions, with a stop-loss at 27.84. The first target is 39.11, and after breaking through, look at 39.27. Under this structure, the risk-reward ratio is acceptable, but strict risk control is necessary.

🛡️Trading management: - Execution strategy: After reaching target 1, reduce positions by 50%, and move the stop-loss to breakeven. If the price drops back into the entry zone, automatically exit to protect capital.

The 1-hour chart EMA20 at 34.35 provides dynamic support; price staying above indicates the short-term trend remains intact. Volume shrinks after the spike, which is a healthy correction. In this negative funding rate environment, the price remains resilient, often indicating the short squeeze is not over, and pullbacks are opportunities.

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