$MAGIC 1 hours -11.34%, current price 0.1218. If you're looking to buy the dip, first ask yourself these three questions:
① The 24h low of 0.1164 is still below us. Are there signs of stabilization?
② This was a sharp, sudden drop. What will you do if it falls further?
③ Are you prepared with a position size? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it may be better to wait.
Once a key level is broken, it often turns into resistance.
#MAGIC
① The 24h low of 0.1164 is still below us. Are there signs of stabilization?
② This was a sharp, sudden drop. What will you do if it falls further?
③ Are you prepared with a position size? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it may be better to wait.
Once a key level is broken, it often turns into resistance.
#MAGIC