$HIVE Trading Strategy Update

🔎 Key Insight:

A short liquidation of $5.0337K at $0.47385 highlights a shift in market sentiment towards buying pressure. Bulls appear to be in control, creating an opportunity for an upward price move.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $0.472 - $0.475. This range captures the momentum near the liquidation price.

2️⃣ Target Levels:

Target 1: $0.485 (first resistance)

Target 2: $0.495 (key breakout level)

Target 3 (Stretch Goal): $0.505

3️⃣ Stop Loss:

Set a stop loss at $0.465 to manage risk effectively in case of a market reversal.

💡 Strategy Insights:

Volume Confirmation: Look for increasing buying volume near $0.47385 to confirm upward momentum.

Risk Management: Use appropriate position sizing and avoid over-leveraging your trade.

Market Sentiment: Stay updated on $HIVE -related news or broader market trends to align your trade with current conditions.

🚨 Pro Tips for Success:

Wait for Stability: Confirm price stability or slight upward movement in the buy zone before entering the trade.

Gradual Profit Taking: Secure gains at $0.485 and $0.495 while keeping a portion for the stretch target of $0.505.

Set Alerts: Use price alerts for $0.475 and $0.485 to stay informed about key levels.

Trade with discipline, stay consistent, and prioritize risk management for successful trading outcomes!

#CryptoReboundStrategy #SUIHitsATH #BitcoinHashRateSurge #BitcoinTurns16 #BIOOpenonBinance