$HIVE /USDT Trade Setup: Short Opportunity! 🔥💯
Analysis:
$HIVE /USDT has broken below a critical support level at $0.3400, confirming bearish momentum. The current price of $0.3220 is testing lower demand zones, signaling a potential continuation to the downside.
Trade Setup:
Entry: $0.3200 (wait for confirmation below this level)
Take Profit 1: $0.3000 (near the first demand zone)
Take Profit 2: $0.2800 (a key psychological level)
Stop Loss: $0.3400 (just above recent resistance)
Risk-Reward Ratio:
TP1: 2.5x
TP2: 4x
Action Plan:
Wait for a confirmed candle close below $0.3200 before entering the trade.
Once TP1 ($0.3000) is reached, adjust your stop loss to breakeven to secure profits.
Key Note:
Exercise caution during periods of high volatility. Stick to your risk management plan!