$HIVE has been on a strong upward trend, with the price surging by over 40% in the past 24 hours. The 1-hour chart shows a clear bullish momentum, with higher highs and higher lows. The current price is around $0.3483.
Entry: Consider entering a long position at the current price or on a slight dip towards the support level around $0.3200.
Resistance: The immediate resistance level is at $0.3800. Breaking above this level could open the door for further upside potential.
Support: The support level is at $0.3200. A break below this level could signal a potential reversal of the current trend.
Take-Profit Targets:
* Target 1: $0.3800 (immediate resistance)
* Target 2: $0.4200 (psychological level)
* Target 3: $0.4500 (significant resistance)
Stop Loss: Place a stop loss order below the recent swing low around $0.3000 to protect your investment.
Caution:
* While the current trend is bullish, it's important to exercise caution and manage your risk.
* Always use stop-loss orders to limit potential losses.
* Keep an eye on the broader market trends and any news that may impact HIVE's price.
