$MAGIC has more strength than just now
In the 15m timeframe, it has risen +4.18%. The current price is $0.0548, with a 24h gain of +19.96%.
Simply put: there was already a base of gains in the 24h chart. If the short term pushes higher again, the capital is still following through.
However, when it retraces to around $0.0492, you need to see whether the support can keep up.
Hold $0.0492, and then watch whether $0.0556 can open up more room.
In the 15m timeframe, it has risen +4.18%. The current price is $0.0548, with a 24h gain of +19.96%.
Simply put: there was already a base of gains in the 24h chart. If the short term pushes higher again, the capital is still following through.
However, when it retraces to around $0.0492, you need to see whether the support can keep up.
Hold $0.0492, and then watch whether $0.0556 can open up more room.
