GIGGLE Spot (GIGGLEUSDT) has been receiving quite a few inquiries recently. I took a close look at the daily chart and feel there’s a sign of a potential trend reversal. Here are some key signals to watch for those looking to bottom fish.
**Technical indicators are starting to turn positive** The MACD has already crossed above the signal line below zero, and the red energy bars are appearing. For crypto traders, this is a signal — the bearish momentum is weakening, and the bulls may be ready to take control. The KDJ is also diverging upward, indicating decent short-term momentum.
**Support levels are becoming more solid** Currently, the price is holding above the middle band of the Bollinger Bands (67.7U). As long as it doesn’t break below this line in the next two days, the middle band can shift from a resistance level to a support level. This opens up room for an upward move.
**But there’s a point that needs clarification** Trading volume is too low. Compared to the November rally, the current trading volume is at a minimal level. This kind of “rising with no volume” situation suggests either the big players are quietly accumulating or market liquidity is tight. Risk must be acknowledged.
**Trading strategy (risk-reward ratio is decent)** The current price is around $69. Consider a small position to test the waters. In the short term, watch the upper Bollinger Band at 74.5U; if it breaks through, look for a new high. Set a strict stop-loss at 66-67U; if it falls below the middle band, exit immediately — don’t hesitate.
This rebound at this level offers a decent risk-reward ratio, but don’t go all-in. Until volume picks up, stay cautious, as the overall trend remains bearish in essence.
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GasWaster
· 9h ago
nah the volume thing is actually killing me rn... like yeah macd looking spicy but where's the actual conviction tho? feels like waiting for gas to drop before i even bother bridging in lol
Reply0
GasGrillMaster
· 9h ago
The amount is too small, I really don't dare to chase, afraid of getting caught in a trap.
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New_Ser_Ngmi
· 9h ago
The amount is too small, guys. Whether this rebound is reliable or not still depends on the trading volume. I'm still on the sidelines.
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WhaleWatcher
· 9h ago
Volume is the key, I really don't dare to follow this no-volume rebound; I'd rather miss out than risk stepping on a landmine.
View OriginalReply0
ruggedSoBadLMAO
· 9h ago
With such a small amount, you still dare to say a trend reversal. I think there's an 80% chance that the big players are holding back a major move, haha.
GIGGLE Spot (GIGGLEUSDT) has been receiving quite a few inquiries recently. I took a close look at the daily chart and feel there’s a sign of a potential trend reversal. Here are some key signals to watch for those looking to bottom fish.
**Technical indicators are starting to turn positive**
The MACD has already crossed above the signal line below zero, and the red energy bars are appearing. For crypto traders, this is a signal — the bearish momentum is weakening, and the bulls may be ready to take control. The KDJ is also diverging upward, indicating decent short-term momentum.
**Support levels are becoming more solid**
Currently, the price is holding above the middle band of the Bollinger Bands (67.7U). As long as it doesn’t break below this line in the next two days, the middle band can shift from a resistance level to a support level. This opens up room for an upward move.
**But there’s a point that needs clarification**
Trading volume is too low. Compared to the November rally, the current trading volume is at a minimal level. This kind of “rising with no volume” situation suggests either the big players are quietly accumulating or market liquidity is tight. Risk must be acknowledged.
**Trading strategy (risk-reward ratio is decent)**
The current price is around $69. Consider a small position to test the waters. In the short term, watch the upper Bollinger Band at 74.5U; if it breaks through, look for a new high. Set a strict stop-loss at 66-67U; if it falls below the middle band, exit immediately — don’t hesitate.
This rebound at this level offers a decent risk-reward ratio, but don’t go all-in. Until volume picks up, stay cautious, as the overall trend remains bearish in essence.