$HIVE /USDT - Bull Run in Full Swing! 🔥💯
HIVE/USDT has seen a phenomenal rally, surging +55.05% in the past 24 hours. The breakout from the prolonged downtrend is confirmed on the 4H timeframe, with strong bullish candlesticks supported by high trading volume.
Key Levels to Monitor:
Current Price: $0.3729
Immediate Resistance/Target: $0.4000 (psychological level)
Extended Target: $0.4400
Support/Stop Loss: $0.3300 (below breakout zone)
Technical Analysis:
The decisive breakout above $0.3500 has triggered a clear trend reversal. Sustained buying pressure could drive the price towards the $0.4400 mark. However, the psychological resistance at $0.4000 is a key zone to watch for potential partial profit-taking.
Suggested Trading Strategy:
Entry: Consider entries on pullbacks near $0.3600-$0.3700.
Profit Targets:
Partial Profit: $0.4000
Full Profit: $0.4400
Risk Management: Set a stop loss at $0.3300 to safeguard against downside risk.
The breakout aligns with broader market bullishness, presenting an excellent opportunity for both short-term profits and long-term positioning. As always, manage risk diligently and adjust your strategy as the market evolves.
Disclaimer: This is for informational purposes only and not financial advice.
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