$HIVE /USDT has been on a strong upward trend recently, with the price surging from around $0.32 to its current level of $0.3495. This represents a significant 9.42% increase in the past 24 hours. The chart shows a clear bullish momentum with higher highs and higher lows.
Current Price: $0.3495
Entry: Consider entering a long position at the current price or a slight pullback to the nearest support level around $0.3400.
Resistance: The immediate resistance level is at $0.3700. Breaking above this level could signal further upside potential.
Support: The nearest support level is at $0.3400. A break below this level could indicate a potential reversal of the current uptrend.
Take-Profit Targets:
* Target 1: $0.3600
* Target 2: $0.3700
* Target 3: $0.3800
Stop-Loss: Place a stop-loss order below the nearest support level at around $0.3300 to protect your investment.
Caution: While the current trend is bullish, it's important to exercise caution and monitor the market closely. If the price starts to consolidate or retrace, consider taking profits or exiting the position. Watch for potential breakout signals above the resistance level or a breakdown below the support level.
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