Short Liquidation Alert for $HIVE
As market conditions shift, we witnessed a significant short liquidation of $12.07K at a price point of $0.33621.
This presents an exciting opportunity for traders and investors looking to capitalize on potential movements in the $HIVE market.
Entry Point:
Monitor the recent price levels closely. A key entry point can be identified around $0.33200, aligning with prevailing support levels.
Target:
Aiming for a bullish breakout, set your target at $0.36000. This level is supported by previous resistance and market momentum.
Stop Loss:
To mitigate risk, a stop loss should be placed at $0.32500. This will help protect your investment in case of unexpected market reversals.
Win/Loss Ratio:
With a target of $0.36000 against an entry of $0.33200, this provides a risk-reward ratio of approximately 2:1.
In summary, traders should remain vigilant in the $HIVE market, closely observing movements around these key levels while implementing strategic risk management.
Stay sharp, and good luck trading!