James,
There is very, very little data here to make a suggestion. Candlestick analysis is not just about what I call 'hammer hunting'. If I ever write a book, that will be in the book for sure. Maybe even the title of the book - Dangers of Hammer Hunting. I can see it now.
What I am trying to say is that all I see here is a hammer that closed below one moving average and above another. Is that playable? Maybe.
I need more of the chart and you need to explain what your trading plan is. Does this hammer fit your profile of a legit hammer? I'd be concerned about closing below the one MA, but that also looks like a very quick MA as well.