Follow the money:
$MAGIC 1-hour drop of 12.42%, current price 0.1216, and 24-hour trading volume of $23.38 million.
Let's break it down from the fund flow perspective:
· The decline was concentrated in a short one-hour period, indicating heavy, urgent selling
· The 24-hour change is also -10.46%, with funds generally flowing out
· Next, watch for large buy orders stepping in at lower levels. If they don't, the price may continue to fall
What would you do in this situation?
#MAGIC
Data is from publicly available sources. Please verify it yourself.
$MAGIC 1-hour drop of 12.42%, current price 0.1216, and 24-hour trading volume of $23.38 million.
Let's break it down from the fund flow perspective:
· The decline was concentrated in a short one-hour period, indicating heavy, urgent selling
· The 24-hour change is also -10.46%, with funds generally flowing out
· Next, watch for large buy orders stepping in at lower levels. If they don't, the price may continue to fall
What would you do in this situation?
#MAGIC
Data is from publicly available sources. Please verify it yourself.