The $HIVE /USDT chart on the 15-minute timeframe shows a strong bullish momentum, as indicated by the significant price spike from the $0.25 region to a high of $0.35. This rally has resulted in a 40.78% gain for the day, reflecting strong buyer interest. However, a 14.01% pullback from the peak at $0.3350 suggests profit-taking or resistance at higher levels.

Analysis and Strategy:

1. Long Entry: If the price stabilizes above $0.33 and shows bullish confirmation (e.g., higher lows or strong green candles), consider entering a long position.

Stop Loss: Place below the nearest support at $0.315.

Targets: First target at $0.36 and second target at $0.38, based on Fibonacci extensions.

2. Short Entry: If the price breaks below $0.315 with volume, this could signal a deeper retracement.

Stop Loss: Place above $0.33 to manage risk.

Targets: First target at $0.30 and second target at $0.28.

Risk Management:

Ensure a risk-reward ratio of at least 1:2 for all trades.

Watch for market conditions such as volume spikes or news that may drive volatility.

Overall, waiting for confirmation before entering any trade is crucial, as the current pullback might either consolidate or reverse the uptrend.

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