🚨$HIVE /USDT Trading Signal Update🚨
Current Overview:
Price: $0.6358 (+14.87%)
24h High: $0.6896
24h Low: $0.5119
Volume (24h): $HIVE : 195.14M | USDT: $114.93M
Short-Term Signal:
Trend: Volatile with recent profit-taking (-3.96% in the last 4 hours).
Support Levels: $0.6000 | $0.5500
Resistance Levels: $0.6500 | $0.7000
Action: Consider a short-term BUY if the price bounces from $0.6000, targeting $0.6500–$0.6800. Be cautious of rejection at $0.7000.
Long-Term Signal:
Trend: Strong upward momentum over the past 24 hours, but some cooling is evident.
Key Levels: Bullish Breakout Above: $0.7000 (Target: $0.7500–$0.8000). Bearish Breakdown Below: $0.5500 (Risk: $0.5000–$0.4500).
Action: Long-term traders can wait for a pullback to $0.5500–$0.6000 for potential entries or watch for a confirmed breakout above $0.7000 for continuation of the uptrend.
Profit/Loss Zones:
Profit Potential: Short-term scalps: $0.030–$0.050 moves between support and resistance levels. Long-term breakout: $0.100+ gains if bullish momentum continues.
Risk Management: Set a stop-loss below $0.6000 for short-term trades and $0.5500 for long trades to minimize losses.
💡Pro Tip: Monitor HIVE closely for volume spikes and market sentiment shifts, as it’s highly volatile. Stick to proper risk management to protect your investments. Let me know if you need further insights or strategies!
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