$HIVE The liquidation of $5.2494K at a price of $0.31713 signals a significant moment in the market for $HIVE. Let's break down what this could mean for traders and what actions might be best.

What is Liquidation.

In simple terms, liquidation refers to the forced selling of an asset to cover margin calls or loan obligations when the price moves against a trader's position. When a long position is liquidated, it means the trader had bet on the price increasing, but it fell instead, forcing them to sell their holdings.

What Does This Mean for $HIVE.

1. Price Volatility. Liquidations like this can cause increased volatility, pushing the price up or down quickly. It is essential to be cautious, as sudden price swings can create opportunities but also risks.

2. Potential Buying Opportunity. If $HIVE experiences a drop due to the liquidation, this could present a potential entry point for traders looking to buy at a lower price before the market stabilizes.

What to Do Next.

Here’s a simple analysis to help guide your next steps.

Buy Zone for $HIVE.

The ideal buy zone would be around $0.30 to $0.32. This range seems like a reasonable support area where the price might stabilize after the liquidation. It could act as a good entry point if you're looking to capitalize on any potential upward movement once the market finds stability.

Target for $HIVE.

If you enter around the buy zone, your short term target could be $0.35 to $0.37. This range reflects a potential resistance level, where the price might face selling pressure. Look for signs of price rejection or consolidation as it approaches these levels.

Stop Loss for $HIVE.

A sensible stop loss would be around $0.28. If the price falls below this point, it may indicate further weakness or the start of a downtrend. This will help protect your investment in case the market moves against you.

Quick Recap.

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