✅ YES, there is a valid entry,
Let's analyze the HIVE/USDT pair on the 15-minute chart based on the image you sent:
📊 Technical Analysis - HIVE/USDT (15min)
🔍 Chart Pattern and Context
There was a strong upward sequence between 7:30 PM and 9:00 PM, followed by a reversal candle (long upper wick + small body).
The price corrected, but has not yet lost the immediate support in the range of 0.2620 to 0.2630, where the moving averages of 9 (0.2602) and 25 (0.2620) are located.
🔎 Technical Indicators
✅ Moving Averages:
MA9, MA25, and MA50 are aligned with a bullish bias (MA9 > MA25 > MA50), suggesting a positive short-term trend.
✅ Volume:
Increasing volume on previous bullish candles. The correction is with lower volume, which is typical of a healthy correction.
⚠️ RSI and MACD (not visible in the image):
Ideal to check RSI > 50 with possible pullback to the accumulation zone.
MACD may be crossing upwards, given the previous bullish movement.
🧱 Support and Resistance
Important Support: 0.2620 (confluence with MA25)
Strong Resistance: 0.2675 to 0.2695 (previous rejection zone)
🎯 Entry Setup (Possible Long Trade)
Suggested Entry: between 0.2630 and 0.2640 (pullback on support + moving averages)
Stop Loss: below 0.2600 (loss of MA50 and previous low)
Target 1 (conservative): 0.2680
Target 2 (optimistic): 0.2720 (extension of previous movement)
📈 Risk/Return:
Risk: ~0.0030
Return: up to ~0.0080
Average RR: 2.6:1 (valid for entry)
📌 Conclusion: Enter or Not?
✅ YES, there is a valid entry, as we have:
Pullback context in an upward trend
Confluence of moving averages and support
Volume contained during the correction
Visual signals of rejection of the drop