GIGGLE Technical Analysis Speed Read

The current price is 64.06, down 9.22%. From the K-line performance, there are signs that the downtrend has stalled. We are now 95 K-lines into this move.

If you want to set a stop loss, you can refer to the dynamic tracking line at 63.85. Once it breaks below here, the downtrend may accelerate, so be careful.

Upper resistance levels are at 69.19, 71.33, and 71.87. Currently, there are no effective near-term support levels.

In terms of operations, the price is hovering near the downtrend line, and the bulls and bears are in a stalemate. Aggressive traders can try small positions to bet on an upside breakout, but you must hold the 63.85 line and not let it break.

It's worth noting that the bullish momentum of the MACD is clearly weakening, and the risk of false breakouts is significant. The key is to watch the volume—if trading volume is insufficient, even if the price rises, it won't hold above the trend line, and the bears will still have the upper hand.