🔥 $HIVE Short Liquidation Alert 🔥
A $5.0092K short position on $HIVE just got liquidated at $0.56126! This liquidation shows strong buying pressure entering the market, signaling a potential bullish breakout. Let’s break it down and plan your next move!
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Market Analysis
Short Liquidation Impact: This indicates sellers are getting wiped out, which could lead to further price surges as bulls take over.
Key Support Zone: Buyers might consolidate around $0.5600, creating a strong foundation for the next leg up.
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Trading Setup
Buy Zone:
📉 Consider buying between $0.5550 to $0.5650, where the price may stabilize before climbing higher.
Targets:
🎯 Target 1: $0.5800
🎯 Target 2: $0.6000
🎯 Target 3: $0.6200
Stop Loss:
🚨 Protect your downside by placing your stop loss at $0.5400. This keeps your risk limited in case of unexpected market movements.
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What’s Next?
1. Volume Confirmation: Keep an eye on trading volume. A spike around $0.5600 could indicate bullish momentum.
2. Resistance Breakout: Watch for a breakout above $0.5700. If this happens, could rally toward higher targets quickly.
3. Market Trends: Broader crypto market activity, especially Bitcoin, could influence $HIVE’s trajectory.
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💡 Trading Tips for $HIVE:
Stick to your plan and avoid emotional decisions.
Be patient—wait for the price to reach the buy zone before making your move.
Monitor price action closely around resistance levels for breakout signals.
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🚀 Will $HIVE take off after this short liquidation? Stay sharp—this could be your next profitable trade!
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