The $HIVE /USDT pair on the 15-minute chart is currently trading at 0.2716, having gained 34.12% in the past 24 hours.
The recent high at 0.3480 serves as a critical resistance level, which could pose a challenge if the price attempts to rise again.
A strategic entry point for this trade would be around 0.2700, taking advantage of the current retracement while the upward trend remains intact.
Suggested take-profit levels are set at 0.2950 for a conservative target, 0.3000 for an intermediate target, and 0.3100, aligning with the recent high, as an ambitious goal.
To manage potential risks, a stop-loss is recommended at 0.2350, below the recent low, to limit downside exposure.
Monitoring the price movement near these levels will be essential to gauge whether the bullish momentum will persist or if a further correction is likely.