$HIVE /USDT - Breakout Alert 🔥💯
Analysis:
$HIVE has confirmed a bullish breakout above the key resistance level near $0.4600, as shown in the chart. This breakout is supported by high trading volume, indicating strong buying momentum. The price action suggests a continuation toward higher levels in the short term.
Trade Setup:
• Entry Zone: $0.4650 - $0.4750 (on retest or market buy).
• Targets:
• Target 1: $0.4900
• Target 2: $0.5200
• Target 3: $0.5500
• Stop Loss: $0.4400 (below previous resistance zone).
Observation:
Monitor for a potential retest of the breakout level ($0.4600 - $0.4650). If retested successfully, it could provide a safer entry with reduced risk. Maintain strict stop loss discipline as the market remains volatile.
Short-Term Outlook:
Bullish momentum could extend if the price stays above the breakout zone, with $0.5200 as a key psychological target.
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