š $HIVE /USDT Trade Setup š
Current Price: $0.6212 (+10.83%)
24h High: $0.6896 | 24h Low: $0.5119
24h Volume (HIVE): 197.29M | 24h Volume (USDT): 117.43M
š· Long Setup:
Entry Zone: $0.6100 - $0.6200
Targets:
$0.6700
$0.7000
$0.7500
Stop Loss: $0.5700
Leverage: 5x
š» Short Setup:
Entry Zone: $0.6800 - $0.6900
Targets:
$0.6200
$0.5900
Stop Loss: $0.7000
Leverage: 5x
š Market Analysis:
$HIVE has demonstrated a robust price movement, currently up by +10.83%, which suggests strong bullish momentum. The price is approaching key resistance levels near $0.7000, which has historically been a significant price zone. If $HIVE successfully breaks through this resistance, it could test further targets like $0.7500 in the medium term. The breakout is likely supported by favorable volume, as the trading activity shows substantial engagement from market participants.
However, should the price fail to sustain the upward momentum, we might observe a pullback toward $0.5700, a critical support zone. This pullback scenario offers opportunities for short positioning, targeting $0.6200 and possibly lower.
š Next Move:
The short-term bullish setup looks favorable, with potential continuation toward the $0.7000 resistance.
Be vigilant about volume indicators and market sentiment, as these will signal whether the current trend will maintain its strength or reverse..
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