Based on the provided $HIVE /USDT chart:

Analysis:

The $HIVE /USDT price is currently trading at $0.6192, showing significant gains of +60.21% over the past 24 hours. The 24-hour high is $0.6849, and the 24-hour low is $0.3851, indicating a volatile price movement. The chart highlights a strong upward trend, with a temporary retracement after reaching the high.

Entry:

Long Position: Consider entering near $0.6000 if the price consolidates and forms support above this level. This level aligns with the psychological barrier and prior breakout point.

Short Position: A short opportunity may arise if the price breaks below $0.6000 and fails to recover, signaling a bearish reversal.

Stop Loss:

Long: Place a stop loss at $0.5700 to minimize risk in case of a breakdown.

Short: Place a stop loss at $0.6400, above the recent resistance level, to protect against sudden bullish moves.

Targets:

Long Targets:

First Target: $0.6500

Second Target: $0.6800 (previous high)

Short Targets:

First Target: $0.5800

Second Target: $0.5500

Summary:

The overall trend suggests bullish momentum; however, confirmation of a breakout or rejection near $0.6000 is crucial for deciding entry points. Stick to defined stop-loss levels to mitigate risk, as the market remains highly volatile.

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