This chart displays the $HIVE /USDT trading pair with significant price action over the last 30 minutes. The current price is $0.6194, reflecting a notable gain of 16.96% in the past 24 hours, with a daily high of $0.6896 and a low of $0.5119. The price momentum suggests strong bullish activity earlier, but a retracement phase is now evident.
Analysis:
1. Long Position: A potential long entry can be considered if the price reclaims the $0.6300 level with strong volume.
Target: $0.6800 (near the recent high).
Stop Loss: $0.6000 (below the retracement level).
2. Short Position: A short entry can be taken if the price breaks below $0.6000, signaling further bearish continuation.
Target: $0.5500 (midway to the daily low).
Stop Loss: $0.6300 (above the recent consolidation).
Conclusion: Watch the price action around key levels ($0.6300 for long, $0.6000 for short) and trade with disciplined risk management. Momentum and volume confirmation are critical to avoid false breakouts.
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