hello! where do you saw $1.2mil liquidation on Hive ?!?

$HIVE Long Liquidation: Bears Strike at $0.55712

A significant liquidation event has shaken the HIVE market, with $1.2708K in long positions wiped out at the pivotal price of $0.55712.

This sharp move underscores intensifying bearish pressure, leaving bulls scrambling to defend key levels.

Key Details:

Liquidation Amount: $1.2708K

Liquidation Price: $0.55712

Market Sentiment: Sellers have taken control, challenging buyers' ability to hold critical support zones.

Next Moves for Traders:

1. Support to Monitor: The $0.55500 level is the next key support.

If it fails, $HIVE could slide toward $0.54000.

2. Resistance Levels: Any attempt at recovery will face resistance around $0.57000.

A breakout above this level may indicate a potential bullish reversal.

Suggested Stop-Loss Strategy:

For Long Positions: Set stop-loss orders below $0.55000 to minimize risks in case of further declines.

For Short Positions: Place stop-loss orders above $0.57000 to lock in profits if a recovery begins.

$HIVE market dynamics are volatile, and disciplined risk management is critical as traders navigate this challenging environment.

Stay sharp and ready for potential reversals or breakouts.

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