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Crapto Professor
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Bearish
$HIVE /USDT Short Trade Alert 📉🔥
The recent surge in hive has hit resistance near $0.68, showing signs of exhaustion, with declining volume and bearish candles on the 1-hour chart. A corrective move is anticipated, and this setup offers a solid short opportunity.
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Trade Setup:
Entry: $0.575 - $0.580 (on confirmation of a breakdown)
Take Profit (TP):
TP1: $0.520 (first key support zone)
TP2: $0.485 (next significant support level)
Stop-Loss (SL): $0.610 (above recent resistance)
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Key Insights:
Bearish Momentum: Price action and volume confirm exhaustion at the resistance zone, indicating potential downside.
Risk-Reward Ratio: 2:1 — an optimal risk management strategy.
Confirmation Needed: Wait for a breakdown below $0.570 for confirmation of the short. Consider trailing stops if momentum picks up.
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Strategy Note:
Monitor for a re-test of $0.60 — adjust positions if the price fails to break lower and starts to move back up.
Protect profits and ensure your stop-loss is adjusted to breakeven once TP1 is reached.
Take advantage of the current weakness in $HIVE and stay disciplined with your risk management. Happy trading!
#HIVE #CryptoShorts #CryptoReboundStrategy #Binance250Million #BIOOpenonBinance
$HIVE
The recent surge in hive has hit resistance near $0.68, showing signs of exhaustion, with declining volume and bearish candles on the 1-hour chart. A corrective move is anticipated, and this setup offers a solid short opportunity.
---
Trade Setup:
Entry: $0.575 - $0.580 (on confirmation of a breakdown)
Take Profit (TP):
TP1: $0.520 (first key support zone)
TP2: $0.485 (next significant support level)
Stop-Loss (SL): $0.610 (above recent resistance)
---
Key Insights:
Bearish Momentum: Price action and volume confirm exhaustion at the resistance zone, indicating potential downside.
Risk-Reward Ratio: 2:1 — an optimal risk management strategy.
Confirmation Needed: Wait for a breakdown below $0.570 for confirmation of the short. Consider trailing stops if momentum picks up.
---
Strategy Note:
Monitor for a re-test of $0.60 — adjust positions if the price fails to break lower and starts to move back up.
Protect profits and ensure your stop-loss is adjusted to breakeven once TP1 is reached.
Take advantage of the current weakness in $HIVE and stay disciplined with your risk management. Happy trading!
#HIVE #CryptoShorts #CryptoReboundStrategy #Binance250Million #BIOOpenonBinance
$HIVE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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