Based on the chart analysis for HARD/USDT on a 15-minute interval, here are the notes:
Quick technical analysis:
1. Candlestick patterns:
There is a strong bullish candlestick (Marubozu) indicating strong and sudden buying momentum.
Previous resistances have been broken strongly, showing clear control by buyers.
2. Moving averages (MA):
The current price is above all short-term moving averages (MA5, MA10, MA20), which is a strong bullish signal.
There is a clear bullish crossover between the moving averages, supporting the continuation of the upward trend.
3. MACD:
The black line (DIFF) is above the yellow line (DEA) with increasing momentum.
The green bars of the MACD are increasing, indicating bullish momentum.
4. Trading volumes (Volume):
There is a clear explosion in trading volume concurrent with the upward movement, supporting the credibility of the move.
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Recommendations:
Upward (positive scenario):
As long as the price remains above 0.0285, the bullish trend is likely.
The next potential resistance target is 0.0380 then 0.0420 if the momentum continues.
Consider entering provided that you monitor a break of the 0.0322 level with stability.
Downward (negative scenario):
Any break of the support level 0.0285 could lead to a correction to 0.0250 and possibly 0.0220.
The presence of a strong reversal candlestick or weakness in trading volume may be a sign to exit or proceed with caution.
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Advice:
Do not enter at the peak of the candlestick after a price explosion, wait for a support test or a slight pullback before buying.
Use a stop-loss below 0.0285 to protect capital in case of entry.
