MAGMA contract end, at first glance it's easy to get swept away by the downside pullback. Don’t just look at a single candlestick—what matters is: first check whether the rebound has volume. Don’t rush to guess the bottom. The previous full 5m candle was -5.07%. Current price is 0.24225. 24h turnover is 14.3606 million. VWAP is 0.255964, above the current price; the volume is 2.3x.
If the pullback can’t manage to regain the VWAP of 0.255964, and after the volume amplifies to 2.3x whether it will immediately snap back—what’s really happening here is whether this move is the end of panic or a test of the lower range. We’ll see what comes next.
#MAGMA #anomaly alert
If the pullback can’t manage to regain the VWAP of 0.255964, and after the volume amplifies to 2.3x whether it will immediately snap back—what’s really happening here is whether this move is the end of panic or a test of the lower range. We’ll see what comes next.
#MAGMA #anomaly alert