$HIVE Here's a detailed analysis for based on the short liquidation data.

Key Data.

Short Liquidation: $1.9143K at $0.42408

Current Scenario.

A significant short liquidation means sellers who bet on the price going down are getting forced to exit due to upward pressure. This could indicate a potential upward trend if momentum continues.

Next Steps.

Buy Zone.

Ideal Entry Range.

$0.4100 - $0.4300

This range is where the price might consolidate or show a pullback, offering a good buying opportunity.

Targets Upside Potential.

1. Target 1: $0.4500 Short term resistance.

2. Target 2: $0.4750 Medium term breakout level.

3. Target 3: $0.5000 Psychological resistance.

Stop Loss.

Recommended Stop Loss. $0.4000

Place a stop loss slightly below the recent support level to minimize losses if the trend reverses.

Analysis Overview.

1. Momentum.

The short liquidation suggests that buying pressure is increasing, pushing out weak short sellers.

Look for confirmation if the price stays above $0.42408 with decent trading volume.

2. Support and Resistance.

Strong Support: $0.4100

Immediate Resistance: $0.4300 - $0.4500

3. Caution.

If the price fails to hold above $0.4100, it may test lower levels, so stay cautious.

Always follow risk management rules.

Pro Tip for Trading.

Watch the volume closely. If the price rises with high volume, it signals strong buying momentum.

Avoid FOMO Fear of Missing Out. stick to the buy zone for safer entries.

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