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

$GIGGLE 1H timeframe spikes then pulls back, price oscillates between the upper band of the 4H Bollinger and the middle band of the 1H. Market depth imbalance -7.46%, sell orders sparse, buy support clearly intended. 4H MACD histogram still expanding, but 1H MACD momentum contracting, indicating short-term consolidation needed. Negative funding rate combined with stable open interest, the bearish passive situation remains unchanged.

Price falls below 38.63, can start to add to long positions in stages, with a stop-loss at 27.84. First target at 39.11, break above to 39.27. Under this structure, risk-reward ratio is acceptable, but strict risk control is required.

🛡️Trading management: - Execute strategy: after reaching target 1, reduce position by 50%, and move stop-loss to breakeven. If price falls back into entry zone, exit automatically to protect principal.

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

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