$MAGMA has moved above its 7-day high: the current price is 0.2843, and the previous high was 0.2821.
After the breakout, two key things to watch:
· Can the previous high of 0.2821 turn from resistance into support (holding on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a false breakout.
Anyone who knows more care to weigh in?
After the breakout, two key things to watch:
· Can the previous high of 0.2821 turn from resistance into support (holding on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a false breakout.
Anyone who knows more care to weigh in?