$HIVE /USDT pair is currently trading at $0.5543, experiencing a 13.05% gain in 24 hours. The price has seen strong upward momentum, reaching a 24h high of $0.6250 before pulling back slightly, indicating a possible consolidation phase.
Analysis and Strategy:
1. Long Entry:
If the price holds above the support zone at $0.54, consider a long position. A breakout above $0.58 could signal further bullish momentum.
Stop Loss: $0.52 (to minimize downside risk).
Target 1: $0.60
Target 2: $0.62 (recent high).
2. Short Entry:
If the price breaks below $0.54, this could indicate a bearish trend continuation. A short position might be suitable if there is sustained selling pressure.
Stop Loss: $0.57
Target 1: $0.50
Target 2: $0.46 (24h low).
Additional Observations:
The chart shows strong bullish momentum over 7 to 90 days, but the current pullback suggests caution for long entries until key levels are confirmed.
Monitor volume for signs of trend continuation or reversal. A breakout with high volume may validate the direction.
For risk management, do not overleverage, as volatility appears high.
This setup provides a clear plan for both bullish and bearish scenarios with defined risk levels.
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