$HIVE /USDT BEARISH OUTLOOK 📉
Key Levels:
- Resistance: $0.5200
- Support: $0.5100
- Current Price: $0.5166
Trade Setup:
- Entry: Short at $0.5166
- Take Profit (TP):
- TP1: $0.5100
- TP2: $0.5000
- Stop Loss (SL): $0.5200
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking to short $HIVE/USDT due to the bearish trend observed in the 1-hour chart. The price is currently below the resistance level of $0.5200 and is likely to test the support level at $0.5100. If the support breaks, the next target would be $0.5000. Proper risk management is essential to minimize potential losses. 📉💸
Happy Trading! 📉💸
Hope this helps! If you need any adjustments or have other requests, feel free to ask 😊