It looks like Hive has found its base and it is holding at this price with good support. For the last few days it has tested this support again and again and has been getting rejected from there. The good thing is that the volume has also started increasing. Recently its volume has doubled which is a good sign.
In any market situation if you have a good strategy you will never struggle with price ups and downs. Instead you will stay focused on your main goal.
A few days ago, I mentioned that Hive's liquidation sweep was almost certain. Sooner or later, after grabbing that liquidity Hive is expected to show bullish momentum. If you want to read that post click on the link where you will find detailed information about it.
I have said this before as well that a bear market is the best time to increase the number of coins you own. It is just like farming. This is the time when you sow wheat in your field. The more wheat you sow the stronger your crop will become... Then when harvest time comes you will be able to collect a much bigger yield...
The same applies to Hive. Right now, Hive price is low so this is the best time to accumulate Hive coins. Buy as much as you can or keep powering up the Hive you earn every day...
So far my strategy has been to keep powering up during the bear market. I don't always do it every single day but usually every two days I continue to power up.
My goal is to reach my next target which is 50K Hive Power. This will be a major achievement for me because I have never reached this level before and I believe I will achieve this target during the month of August...
I have now decided that every liquid Hive I receive will be converted into Hive Power. If near the end of the month I find that I am still a little short of 50K then I may invest some money, buy additional Hive and complete my target.
This will be my first major milestone and after that I will make new plans for how to continue growing this portfolio.
At the moment I currently have around 48025 Hive Power and I am about 1975 Hive away from my target. I am hopeful that I will celebrate this achievement during August and reach my goal with ease.
That covers my accumulation strategy.
If Hive's price starts pumping I have already shared this before. When Hive reaches around $0.13 to $0.15 I plan to power down 30% of my Hive Power and sell it. I believe that will be a good price to take partial profits.
Then if the price falls again I will buy back more Hive.
If the price continues to rise instead then at around $0.30 I will power down another 30% and sell that as well.
Finally, if Hive reaches around $0.50 I plan to power down all of my remaining Hive Power, sell everything and then wait for the price to come back down before buying again.
My main goal is to increase my Hive holdings by three to four times during this cycle and the bull run so that my total stake grows to more than 200K Hive Power.
These are some of my strategies and plans. Now let's see which direction the market chooses.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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