A true story: $MAGIC climbed above the 0.125 level.
To the price, a whole-number level is just a number; to us, it’s a big deal.
On a more serious note, one pattern is that a resistance level that’s decisively broken often becomes support later on, while a support level that’s decisively broken often becomes resistance.
Extreme readings often signal greater volatility. At times like these, it’s wiser to reduce leverage rather than make a big bet.
#MAGIC
To the price, a whole-number level is just a number; to us, it’s a big deal.
On a more serious note, one pattern is that a resistance level that’s decisively broken often becomes support later on, while a support level that’s decisively broken often becomes resistance.
Extreme readings often signal greater volatility. At times like these, it’s wiser to reduce leverage rather than make a big bet.
#MAGIC