In the last two months, I have been seeing Hive as a good swing trade opportunity. Even before that people who know very well about Hive would have done a pretty decent swing trade. I'm slowly starting to understand this and have started doing some trades. I know not all the trades are successful. But in the case of Hive, I can always hold the tokens long-term if something goes wrong. That's the intention to take a risk and do swing trades.
If we look at the 14 days week range, we will be able to see that there were 3 times Hive price hit 1$. Yesterday there was a push and today again there was another push above 1 dollar. Yesterday the price of Hive hit above 1 dollar and I was fortunate to sell my tokens for more than close to 1.01 dollars. It was a small opportunity. The price fluctuations were very big and It was at that price only for a few moments. After that, the price dropped and reached below 95 cents.
I was happy that I was able to make a quick profit out of trading within a short span of time. After that, the price was floating around 88 cents and I was tempted to purchase it back expecting it to go back above 1$ again. But I cut off my greed and did not do it. I don't know how long will this bull season last and I wanted to take things really slow. But looks like if I had bought it back for 88 cents, I could have easily booked another profit from today's pump. Looks like Hive hit 1$ again today.
I'm glad that in the last 14 days, I was able to do the same type of trading two times and book some decent profits. My profits were close to 500$ in this short span. But I know it is also risky but whatever I do, I always have a thought in mind that I can be a long-term investor on Hive as it has got great potential. Today if we look at the price of Bitcoin, it is going down but in spite of all that Hive pump is really a good sign.
I will hold my USDT and HBD strong for some more time and will wait for the next trading opportunity. If Hive goes below 80 cents again, I would be buying it again and selling it. But I'm still thinking that it can be a rare scene to see Hive go below 80 cents again. But I'm going to be buying a shit load of Hive when it ever hits 50 cents again. If the price hits 20 cents like last year, I would even consider selling all my crypto assets and my real-world assets and go fully into Hive because 20 cents is not the price it is meant to be.
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