🔥 $HIVE strong uptrend – the momentum is crazy strong, but it's looking like we might get a little breather soon.
*Funding rate sitting at -0.79% – that's seriously negative. Means a ton of shorts piled in on perps, which is classic setup for a squeeze. Shorts getting wrecked could push this even higher.
*Volume: 24h at 257M is massive – way above average. The 4h candles are showing volume ramping up on the green moves, so yeah, real buyers are in control here.
*Capital flow: Contracts have solid positive inflows across the board (like +505k USDT in 4h), and spot's adding +204k over 24h. This isn't just leverage hype – there's genuine buying pressure backing it.
*My take $HIVE : Still cautiously bullish, but overbought conditions mean chasing now is risky. I'd rather buy a dip.
- Entry: Wait for pullback to 0.0975–0.0997 (that old resistance should flip to support) or around MA5 (~0.0937).
- Stop-loss:Around 0.09096 (key support)
- Targets: First at 0.09973 (resistance), secondary 0.10408 (next resistance)
Overall, this feels like one of those setups where the squeeze could keep going, but patience on the dip will give way better risk-reward. #Hive #hiveusdt