GIGGLE Technical Analysis Quick Read

The current quote is 64.06, down 9.22%. From the candlestick performance, there are signs that the bearish trend has stalled, and it has now formed 95 candlesticks.

For setting a stop-loss, you can refer to the dynamic tracking line at 63.85. Once it breaks below this level, the bearish momentum may accelerate downward, so be cautious.

The resistance levels above are at 69.19, 71.33, and 71.87. Currently, there is no effective support in the near term.

In terms of operation, the price is still hovering near the downward trend line, with bullish and bearish forces in a tense standoff. Aggressive traders can try to take a small position to gamble on an upward breakout, but must ensure to hold the 63.85 line and not let it break.

It should be noted that the momentum of the MACD rebound is clearly weakening, and the risk of a false breakout is significant. The key factor is volume—if trading volume is insufficient, even if the price rises, it cannot stabilize above the trend line, and the bears will still dominate.