$HIVE /USDT - Breakout Alert 🔥💯
Analysis:
$HIVE has broken above the key resistance level near $0.4600, confirming a bullish breakout with strong volume, signaling robust buying momentum. This price action suggests the potential for further upside in the short term.
Trade Setup:
Entry Zone: $0.4650 - $0.4750 (on retest or market buy).
Targets:
Target 1: $0.4900
Target 2: $0.5200
Target 3: $0.5500
Stop Loss: $0.4400 (below the previous resistance zone).
Observation:
Watch for a potential retest of the breakout level at $0.4600 - $0.4650. A successful retest can provide a safer entry with reduced risk. Strict stop-loss discipline is crucial, as the market remains volatile.
Short-Term Outlook:
As long as $HIVE stays above the breakout zone, bullish momentum may continue, with $0.5200 serving as a key psychological target.
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