$MAGMA New 24-hour high confirmed.
24h +6.57%, current price 0.2165, previous high 0.2154.
Structurally, a new high means selling pressure above has eased, so short-term resistance is relatively low. But if the price quickly falls back below the previous high, watch out for a bull trap. What reasons do you have for being bullish or bearish?
#MAGMA
Personal notes, not specific trading advice.
24h +6.57%, current price 0.2165, previous high 0.2154.
Structurally, a new high means selling pressure above has eased, so short-term resistance is relatively low. But if the price quickly falls back below the previous high, watch out for a bull trap. What reasons do you have for being bullish or bearish?
#MAGMA
Personal notes, not specific trading advice.