🔥 ANALYSIS OF HIVE🔥

Hive ($HIVE

is currently trading at approximately $0.3522, reflecting a slight decrease of about 1.14% over the past 24 hours.

this give it the reason to collect itself and get back strongly

Technical Analysis:

Immediate Resistance: $0.3700

Major Resistance: $0.3869 (Intraday High)

Immediate Support: $0.3522 (Intraday Low)

Trade Setup:

Entry Points:

First Entry: Near $0.3522 if a bullish reversal pattern (e.g., bullish engulfing or hammer) forms.

Second Entry: If the price stabilizes and reclaims $0.3600 with signs of upward momentum.

Breakout Entry: Buy on a confirmed breakout above $0.3700 with strong volume.

Stop Loss & Risk Management:

Stop Loss: Place a stop loss at $0.3400 to limit potential losses if the price continues to decline.

Risk/Reward Ratio: Aim for at least 1:2 to balance risk and potential reward.

Target Levels:

First Target: $0.3700 (Immediate Resistance)

Second Target: $0.3869 (Intraday High)

Third Target: $0.4000 (Next Psychological Resistance)

Trade Strategy Summary:

Buy on:

Support at $0.3522 or breakout above $0.3700.

Target Levels:

$0.3700, $0.3869, $0.4000.

Stop Loss:

Below $0.3400.

Risk/Reward:

Maintain a 1:2 ratio or better.

*Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.*