$HIVE /USDT Short Trade Alert š„
š HIVE recently spiked, but hit resistance near $0.68, showing šØ on the 1-hour chart. š» A correction is likely with volume š and bearish candles forming.
Trade Setup:
* Entry: $0.576 - $0.580 šÆ
* Take Profit (TP):
* TP1: $0.520 š°
* TP2: $0.485 š°
* Stop Loss (SL): $0.610 š
šÆ Risk-Reward Ratio: 2:1 (Optimal risk management)
š” Strategy Note:
Confirm the breakdown with a close below $0.570. š Use trailing stops š¢ to lock in profits if momentum increases. Adjust positions if the price re-tests resistance at $0.60. š
