๐จ $HIVE Sniper Short
Hereโs the clean read. Price had a strong spike, then quickly lost momentum and started printing lower highs under a clear resistance band around 0.0730 to 0.0745. That tells you buyers pushed once but couldnโt sustain it. Since then, every bounce has been weaker, which usually means sellers are in control.
Right now itโs sitting just under that resistance with no strong follow-through. Thatโs a classic setup where rallies get sold. A sensible short idea is to look for entries on a weak push back into 0.0730 to 0.0745, with a stop above 0.0792 in case price squeezes higher.
On the downside, the first area to watch is around 0.0690. If that gives way, the move can extend toward 0.0620, and if momentum builds, it can push deeper toward 0.0567 where the next support sits.
The logic is simple. Big push, failed continuation, now lower highs under resistance. That usually doesnโt lead to another strong rally, it leads to a move back down. Just donโt rush it. Wait for a weak bounce or a clean breakdown so youโre not entering in the middle.
$DOGS $FHE
#BankofEnglandMayPauseDigitalPound #EthereumFoundationSellsETHtoBitmineAgain #TrumpUnveilsPlanToEscortHormuzShips #USAndIranTradeShotInTheStraitOfHormuz
Hereโs the clean read. Price had a strong spike, then quickly lost momentum and started printing lower highs under a clear resistance band around 0.0730 to 0.0745. That tells you buyers pushed once but couldnโt sustain it. Since then, every bounce has been weaker, which usually means sellers are in control.
Right now itโs sitting just under that resistance with no strong follow-through. Thatโs a classic setup where rallies get sold. A sensible short idea is to look for entries on a weak push back into 0.0730 to 0.0745, with a stop above 0.0792 in case price squeezes higher.
On the downside, the first area to watch is around 0.0690. If that gives way, the move can extend toward 0.0620, and if momentum builds, it can push deeper toward 0.0567 where the next support sits.
The logic is simple. Big push, failed continuation, now lower highs under resistance. That usually doesnโt lead to another strong rally, it leads to a move back down. Just donโt rush it. Wait for a weak bounce or a clean breakdown so youโre not entering in the middle.
$DOGS $FHE
#BankofEnglandMayPauseDigitalPound #EthereumFoundationSellsETHtoBitmineAgain #TrumpUnveilsPlanToEscortHormuzShips #USAndIranTradeShotInTheStraitOfHormuz
