$HIVE /USDT:
Short trade signal 🚦
Future traders alert ⚠️
Key Levels:
Current Price: $0.4669
Resistance Levels: $0.4800, $0.5000
Support Levels: $0.4600, $0.4400
Trade Setup:
Short Entry:
Entry Point: $0.4669
Take Profit (TP):
- TP1: $0.4600
- TP2: $0.4400
Stop Loss (SL): $0.4800
Risk Management:
Risk/Reward Ratio: 1:2
Position Size: 1-2% of total portfolio
Summary:
We are looking for a short trade on $HIVE/USDT due to the ongoing bearish trend. The price has been consistently making lower highs and lower lows, indicating strong selling pressure. The current price is near the support level of $0.4600, and a break below this level could lead to further downside towards $0.4400. The stop loss is set above the recent resistance level to minimize risk. 📉💸
Happy Trading! 📉💸