$HIVE Here's a simple and detailed breakdown of your short liquidation.

Overview.

Short Liquidation. $2.4871K

Price at liquidation. $0.35054

This means that traders who were short on $HIVE had their positions closed (liquidated) when the price hit $0.35054, resulting in a significant loss of $2.4871K.

What’s Next.

1. Market Reaction.

After a short liquidation, the price could experience volatility. When short positions are closed, the price might rise due to less selling pressure. Traders may take this as a sign of potential price movement to the upside.

2. Buy Zone.

If you're looking to buy $HIVE, a potential buy zone would be around $0.3200 - $0.3300. This is based on possible support levels after the liquidation event. These levels could act as a floor for price action before a potential upward move.

3. Target Levels.

Short Term Target. $0.3800 - $0.4000

If buying near the support zone, you can expect a rally up to $0.3800 - $0.4000. This is based on potential resistance zones in the short term.

Long Term Target. $0.4500

If the trend continues upward, a longer-term target could be around $0.4500, based on previous price movements and resistance levels.

4. Stop Loss.

To manage your risk, set your stop-loss at $0.3100. If the price drops below this level, it may indicate further downside, and it would be safer to exit your position.

Important Note.

Always stay updated on the market and use proper risk management. Short liquidations are often signs of major market moves, and they can either lead to a reversal or further price drop depending on broader market sentiment.

Hope this helps.

Let me know if you need further clarification.

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