$MAGMA The daily chart is above MA200 (0.2829), with the current price at 0.504.
The daily MA200 has long been seen as the dividing line between bull and bear markets. After moving above it, the key thing to watch is whether a pullback finds support near the moving average. If it holds, the structure turns bullish.
Indicator lag is normal, so don't expect it to catch the exact highs and lows. If it were you, would you take action or sit on the sidelines?
#MAGMA
The daily MA200 has long been seen as the dividing line between bull and bear markets. After moving above it, the key thing to watch is whether a pullback finds support near the moving average. If it holds, the structure turns bullish.
Indicator lag is normal, so don't expect it to catch the exact highs and lows. If it were you, would you take action or sit on the sidelines?
#MAGMA