🐋 $MAGMA hit a new 24-hour high, with buyers showing strong conviction.
But it pulled back after reaching the high, and the current price of 0.4304 is back below the previous high of 0.4329.
Stop-loss orders are often placed near new highs. The pullback after those orders were triggered suggests solid selling pressure at higher levels. Watch to see whether it can climb back above.
But it pulled back after reaching the high, and the current price of 0.4304 is back below the previous high of 0.4329.
Stop-loss orders are often placed near new highs. The pullback after those orders were triggered suggests solid selling pressure at higher levels. Watch to see whether it can climb back above.