$HIVE Short Liquidation: $6.3865K at $0.58229 🚀

HIVE has triggered a short liquidation at $0.58229, which could lead to strong buying momentum as shorts are forced to close their positions. A bullish surge might be on the horizon.

🔥 Next Steps:

1️⃣ Buy Zone:

Consider entering around $0.5700 - $0.5850 for a safer entry point.

2️⃣ Targets 🎯:

Target 1: $0.6100 – Immediate resistance.

Target 2: $0.6450 – Key breakout level.

Target 3: $0.6800 – Extended bullish target.

3️⃣ Stop Loss:

Place your stop loss at $0.5550 to manage risks.

📈 Why $HIVE Is Bullish:

Liquidation Pressure: Shorts getting liquidated increases buying pressure, pushing prices higher.

Support Zone: Price holding above $0.5700 confirms strong demand at this level.

Volume Spike: Increased volume signals growing interest and potential for sustained price action.

Quick Trading Tips:

Set Alerts: Keep track of price levels near $0.6100 for signs of resistance or breakout.

Trail Stop Loss: Use a trailing stop to lock profits as the price climbs.

Stay Updated: Monitor momentum indicators like RSI (above 60) and MACD for further confirmation.

🚀 Conclusion:

$HIVE ’s short liquidation has set the stage for a potential rally. Stick to your plan, manage your risk, and aim for your targets.

This could be a strong opportunity to capitalize on the bullish wave! Don’t miss it! 💥

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