$MAGMA breaks above the 24-hour high: current price 0.2273, previous high 0.2249.
After the breakout, watch two key things:
· Whether the previous high of 0.2249 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn out to be false breakouts
Is this a signal or just noise?
#MAGMA
After the breakout, watch two key things:
· Whether the previous high of 0.2249 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn out to be false breakouts
Is this a signal or just noise?
#MAGMA