Where does Hive's support lie at after the pump?

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I was pretty frustrated with this most recent #hive pump because like so often in the past I sold quite a bit too early and I was left to rue watching the price dangle seductively above 60 cents. My sell was around 50.5 cents. Pathetic! I was for a considerable amount of time worried that I will probably not be able to get back my trading capital. But again, as it happens so often, the price steeply came down and with where the price is hovering at now, I am already in a bit of profit. But the price hasn't just quite hit my buy orders yet. Word on the block is 45 cents could be the new support zone. I am hoping it falls further down and I can bag a fat sack of profit.

Had I not sold so early, and my sell average around say 60 cents then I would have already bought back the initial amount. Or, if I was patient enough, I'd probably have a bigger fatter profit than I currently will (given the prices crashes hard enough!). But that is just potential loss. It is a pretty annoying thing because it is not actually a loss. And yet, despite being at a profit it will keep eating away at my peace of mind - you could have had more!

Anyways, I am strongly banking on the following support line I drew a few weeks back.

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I still think around 36 cents is the support because of historic data. I looked quite further back on the hourly chart for hive/usdt on binance and I don't really see any strong support at around 44-45 cents. Although there was a pretty decent support around 48 cents which seems to have been broken already (I may be wrong, of course).

But I won't be too aggressive on this call though. I will pull the trigger and get my initial trading capital as soon as hive hovers near the 40 cents mark. I will however have my HBD sitting ready in case hive does decide to retest the 36 cents support. That will probably be good to make a decent power up, we'll see.

Posted Using LeoFinance Beta



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I sold at $0.58 and bought today at $0.45. I think BTC will start to rise soon.

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