Would you just look at that big fat green candle on the Hive 1 hour time frame! Isn't it pretty? If you have the Logical Trading Indicator, you can follow along and try to grab some gains on this bullish run!

Hive recently hit some lows and created a big demand zone that has led us on an upward path with some bumps in the road, but in the right direction.

What needs to play out is the price needs to cross and close over the 200 moving average and I would really love to see the basis line which is a 21 period EMA cross over the 200, that would be really bullish! But hey, one candle at a time!

What we do not want is for this to end up playing out as a big bear flag, that would really just suck.

My personal bias is to be bullish, but hey, I have to be realistic too. I will say though that there are some big demand zones below based on the new order blocks addition to my developer version of the Logical Trading Indicator. So hopefully if we do break lower, it won't be too much lower.

All we can do is take it one candle at a time. This buy signal could be a good opportunity to scalp, but just make sure you are using proper risk management so that you don't get wrecked in the markets.

If you want an awesome indicator, as well as my book for beginning traders, you should check out the NFT I have available on NFTShowroom!

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Disclaimer: The information in this trade journal is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.