$HIVE /USDT is currently trading at 0.4647, having experienced a significant 39.55% increase in the past 24 hours. The chart shows a strong bullish momentum with the price breaking above the resistance level of 0.4600. The Relative Strength Index (RSI) is currently above the overbought level, indicating that the coin is overbought in the short term
Current Price: 0.4647
Entry Price: 0.4647 (Current Price)
Resistance: 0.4900, 0.5000
Support: 0.4600, 0.4400
Take-Profit Targets:
* T1: 0.4900
* T2: 0.5000
* T3: 0.5200
Stop-Loss: 0.4400
Signal:
Given the current bullish momentum and the price breaking above a key resistance level, we are issuing a long signal for HIVE/USDT. Traders can enter a long position at the current price of 0.4647 with take-profit targets at 0.4900, 0.5000, and 0.5200. A stop-loss order should be placed at 0.4400.
Caution:
It is important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. Traders should exercise caution and manage their risk appropriately. It is recommended to monitor the market closely and adjust positions as needed.
