$HIVE /USDT: Long Signal - Spot and Futuresšš„šÆ
$HIVE /USDT is currently trading at $0.2884, showing a 0.89% decline in the last hour, with a larger 5.30% drop today. However, the price is near a key support level, potentially setting up for a reversal to the upside.
Spot Trading Signal
ā¢ Entry Zone: $0.2850 - $0.2880
ā¢ Targets:
ā¢ $0.2950
ā¢ $0.3000
ā¢ $0.3050
ā¢ Stop Loss: $0.2800
Futures Trading Signal
ā¢ Entry Zone: $0.2850 - $0.2880
ā¢ Targets:
ā¢ $0.2950
ā¢ $0.3000
ā¢ $0.3050
ā¢ Stop Loss: $0.2800
ā¢ Leverage: 5x (Moderate Risk)
Market Analysis
ā¢ Support: $0.2850 ā The price is approaching this level, which has held previously, suggesting it may provide a strong base for a bullish move.
ā¢ Resistance: $0.2950 - $0.3000 ā A breakout above these levels would likely push the price toward $0.3050.
ā¢ Volume: 383.29K HIVE traded in the last hour, indicating moderate trading activity with potential for increased volume in a breakout scenario.
ā¢ Trend: Despite recent declines, the price is consolidating near support, indicating a potential reversal if it holds above $0.2850.
Insights
ā¢ Watch for confirmation above $0.2880 to confirm the potential for an upward move.
ā¢ Set a stop loss at $0.2800 to protect against further downside in case support breaks.
$HIVE /USDT could be set for a reversal, targeting higher resistance levels at $0.2950 and $0.3000.
Follow my predictions ā 93% profit guaranteed!
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