Breaking News: $HIVE Long Liquidation Ignites Market Waves!
A notable long liquidation of $1.4101K was triggered at $0.35834, sparking intense action in the $HIVE market and raising questions about the next major move.
Key Details:
Liquidation Amount: $1.4101K
Trigger Price: $0.35834
Market Sentiment: Bearish pressure with potential for increased volatility.
Next Move:
1. Support Zone: Watch for a bounce near $0.3500, a critical level that could stabilize the price. If broken, the next target could be $0.3400.
2. Resistance Zone: A recovery would face strong resistance near $0.3650.
3. Momentum Check: Monitor for changes in trading volume and momentum that could indicate a trend reversal or continuation.
Suggested Stop Loss:
For Longs: Set a stop loss below $0.3500 to limit potential losses.
For Shorts: Tighten stops above $0.3650 to lock in gains if a rebound occurs.
$HIVE traders should stay alert as the market reacts to this liquidation, with sharp movements likely in the near term.