Bull Run Alert: $HIVE USDT Showing Strong Momentum!🔥💯
The HIVEUSDT pair is confirming a bullish breakout with significant upward price action. After achieving a remarkable intraday gain of +48.22%, the token is trading within a well-defined ascending channel, as shown on the chart.
Current Market Status:
• Price: $0.3501
• Key Resistance: $0.4048
• Support Level: $0.3000
Suggested Trade Strategy:
• Entry: Current price of $0.3501
• Target 1: $0.4000
• Target 2: $0.4500 (if momentum continues)
• Stop Loss: $0.3000
Analysis:
The breakout above the support trendline, coupled with sustained volume, suggests strong bullish momentum. Traders should monitor the $0.4000 level closely as a potential resistance zone. A break above this could push the price towards the next target at $0.4500.
Advice: While this setup offers high potential returns, secure partial profits as the price approaches key resistance levels and adjust your stop loss to lock in gains. Always trade within your risk limits.
Keep an eye on market conditions to avoid unexpected reversals.