$MAGIC breaks to a new 24-hour high: current price 0.1178, previous high 0.1155.
After the breakout, watch two key things:
· Whether the previous high of 0.1155 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume—a breakout on low volume can easily turn out to be a false breakout
Vote in the comments: up or down?
#MAGIC
After the breakout, watch two key things:
· Whether the previous high of 0.1155 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume—a breakout on low volume can easily turn out to be a false breakout
Vote in the comments: up or down?
#MAGIC