Action: Long (Bullish Scalping Opportunity)
Entry Range: $0.6100 - $0.6300
SL: Stop-Loss: $0.6010
TP: $0.6490 - $0.7245
Action: Short (Bearish Scalping Opportunity)
Entry Range: $0.6550 - $0.6700
SL: Stop-Loss: $0.6790
TP: $0.6350 - $0.5700
Analysis:
HIVE has experienced a significant surge in both price and volume over the last 24 hours, with a 59.89% increase in price and a 1605.42% jump in volume, signaling high volatility and trading interest. The price is nearing its intraday high of $0.6656, indicating potential for a consolidation phase. This provides opportunities for both long and short scalping positions depending on price action near resistance ($0.6650) and support levels ($0.6100).
Traders should monitor closely for price breakouts or rejections at these levels. The high Vol/Mkt Cap ratio (567.91%) suggests the current trend could sustain, but quick reversals are possible. Implement strict stop-losses and adhere to targets due to the volatile nature of the market.
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🚨 Note: Trade at your own risk. DYOR.