$HIVE /USDT Analysis: Price at 0.6609 – Key Levels and Trade Setup
$HIVE /USDT is currently trading at 0.6609. Let’s dive into the technical analysis to identify important levels and potential trade scenarios.
📊 Trade Scenarios:
Bullish Scenario:
Entry: 0.6650 (breakout above resistance)
Take Profit (TP 1): 0.6800
Take Profit (TP 2): 0.7000
Stop Loss (SL): 0.6400
Bearish Scenario:
Entry: 0.6400 (breakdown below support)
Take Profit (TP 1): 0.6200
Take Profit (TP 2): 0.6000
Stop Loss (SL): 0.6700
📈 Key Resistance Levels:
0.6650
0.6800
📉 Key Support Levels:
0.6400
0.6200
📌 Market Insight:
The price of HIVE at 0.6609 is testing a crucial resistance at 0.6650. A successful breakout above this level could lead the price towards 0.6800 and potentially 0.7000. On the flip side, if the price fails to break higher and drops below 0.6400, a potential retest of 0.6200 could signal further downside movement.
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