Big money on the move? Plunged 5.25% in $MAGIC 5 minutes
To figure out who’s selling, I’d first watch for two things:
· Are there clusters of aggressive sell orders during the decline?
· Is there significant buying support after the price hits a low?
For reference: 24h trading volume: $3.81 million; 24h change: +21.22%. If both are present, it’s probably just a change of hands. If only the first is present, beware—another leg down may follow.
#MAGIC
NFA. Do your own research.
To figure out who’s selling, I’d first watch for two things:
· Are there clusters of aggressive sell orders during the decline?
· Is there significant buying support after the price hits a low?
For reference: 24h trading volume: $3.81 million; 24h change: +21.22%. If both are present, it’s probably just a change of hands. If only the first is present, beware—another leg down may follow.
#MAGIC
NFA. Do your own research.