Not all bounces are created equal — MAGMA’s has quality 💎
+6.6%. It bounced from $0.25–$0.26 — its third test of the day, with 20 touches — on $12M in volume and a firm close, not a timid wick. Bounces that matter hold; the ones that don’t fizzle out within hours.
$0.26 is where it will be tested to see if that quality is real. A weak rejection there would keep the idea alive; a violent rejection would kill it.
A drop below $0.25 would erase the bounce from the chart. As long as it holds, the bounce deserves respect.
What grade would you give MAGMA’s bounce? $MAGMA
#Trading #QualityBounce #Altcoins
+6.6%. It bounced from $0.25–$0.26 — its third test of the day, with 20 touches — on $12M in volume and a firm close, not a timid wick. Bounces that matter hold; the ones that don’t fizzle out within hours.
$0.26 is where it will be tested to see if that quality is real. A weak rejection there would keep the idea alive; a violent rejection would kill it.
A drop below $0.25 would erase the bounce from the chart. As long as it holds, the bounce deserves respect.
What grade would you give MAGMA’s bounce? $MAGMA
#Trading #QualityBounce #Altcoins