$HIVE /USDT Short Trade Alert š„šÆ
š The recent surge in HIVE has hit resistance near $0.68, showing exhaustion on the 1-hour chart. A corrective move is anticipated with declining volume and bearish candles forming.
Trade Setup:
ā¢ Entry: $0.575 - $0.580
ā¢ Take Profit (TP):
ā¢ TP1: $0.520
ā¢ TP2: $0.485
ā¢ Stop Loss (SL): $0.610
šÆ Risk-Reward Ratio: 2:1 (Optimal risk management)
š” Strategy Note:
Confirm the breakdown with a close below $0.570. Use trailing stops to lock in profits if momentum increases. Adjust positions if the price re-tests resistance at $0.60.
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