$HIVE /USDT Trade Setup: Short Opportunity!šŸ”„šŸ’Æ

Analysis:

HIVE/USDT has broken below critical support at $0.3400, confirming bearish momentum. The current price at $0.3220 is testing lower demand zones, signaling a continuation to the downside.

Trade Setup:

ā€¢ Entry: $0.3200 (below current price for confirmation)

ā€¢ Take Profit 1: $0.3000 (first demand zone)

ā€¢ Take Profit 2: $0.2800 (key psychological level)

ā€¢ Stop Loss: $0.3400 (above recent resistance level)

Risk-Reward Ratio:

ā€¢ TP1: 2.5x

ā€¢ TP2: 4x

Action:

Wait for a confirmed candle close below $0.3200 before entering. Adjust stop-loss to breakeven if TP1 is achieved to secure profits.

Stay cautious during volatility!

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