$HIVE /USDT BEARISH MOVE EXPECTED 📉
Key Levels:
- Resistance: $0.6896
- Support: $0.5119
- Current Price: $0.6421
Trade Setup:
- Entry: Short at $0.6421
- Take Profit (TP): $0.5500
- Stop Loss (SL): $0.6700
Risk Management:
- Risk/Reward Ratio: 1:3
- Position Size: Adjust to risk no more than 2% of your trading capital.
Summary:
We are looking to short $HIVE/USDT due to the recent rejection at the resistance level of $0.6896. The price is currently at $0.6421 and is expected to move down towards the support level of $0.5119. This setup offers a favorable risk/reward ratio, making it an attractive trade opportunity. 📉
Happy Trading! 📊