$HIVE Buzzes Higher: $1.884K Short Liquidation at $0.3925!
A significant $1.884K short position on hive has been liquidated at $0.3925, highlighting strong bullish momentum.
The market is showing signs of a potential breakout, leaving short sellers scrambling and creating opportunities for savvy traders.
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Key Details:
Liquidation Amount: $1.884K
Liquidation Price: $0.3925
Market Sentiment: Bullish, with buying pressure pushing through resistance levels.
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Next Move:
1. For Bullish Traders:
Enter long positions if $HIVE holds above $0.3930.
Target $0.410-$0.420, key resistance levels.
Place a stop-loss at $0.3850 to protect against sudden dips.
2. For Bearish Traders:
Watch for price rejection near $0.410-$0.420 before opening short positions.
Set a stop-loss at $0.430 to avoid unexpected rallies.
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Strategic Insights:
Breakout Scenario: Sustained trading above $0.3930 could trigger further liquidations and extend the bullish run.
Pullback Zone: Failure to hold above $0.3925 may lead to a retracement to $0.380-$0.375, creating opportunities for bears to re-enter.
$HIVE is buzzing with activity—stay vigilant and position yourself for the next big move!