Huge Action on $HIVE !
A short liquidation of $6.7285K just hit at $0.64388!
The bears are stepping back, and bulls might take control.
Will this spark a major breakout? Stay alert for the next move!"
Important Details:
1. Short Liquidation: Sellers betting on a price drop had to exit their positions, signaling bullish pressure.
2. Key Price Level: $0.64388 is the pivotal zone where this action occurred.
3. Market Sentiment: Bulls are gaining momentum, hinting at possible upward movement.
Next Move:
If Bullish (Price Rising): Look to buy if the price breaks above the resistance and sustains.
If Bearish (Price Falling): Consider selling if the price drops below support with significant selling pressure.
Support and Resistance Levels:
Support: $0.6300 (a strong zone where the price might bounce).
Resistance: $0.6600 (a critical barrier for further upward momentum).
Final Suggestion:
Buy if the price breaks and holds above $0.6600 with strong momentum.
Sell if it fails to hold $0.64388 and moves closer to $0.6300.
Always set a stop-loss to manage risk and stay disciplined in your trades!
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