🚀 $HIVE /USDT: TESTING KEY SUPPORT – POTENTIAL BREAKOUT OR RETRACEMENT? ⚡
The $HIVE/USDT pair is currently trading at 0.6335, consolidating near important support and resistance levels. Traders should monitor these zones for a potential breakout or pullback.
📊 Trade Scenarios:
Entry Point: 0.6335
Take Profit (TP 1): 0.6500
Take Profit (TP 2): 0.6700
Take Profit (TP 3): 0.6900
Stop Loss (SL): 0.6200
Support is at 0.6200, while resistance is at 0.6500. A breakout above 0.6500 could signal further upside, targeting 0.6700 and 0.6900. A drop below 0.6200 might indicate a bearish retracement, pushing the price lower.
📉 Market Outlook:
HIVE is holding above 0.6200 support, suggesting potential for an upward move if it breaks 0.6500 resistance. A breakout could confirm bullish momentum, while failure to hold support could lead to a downward move.
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