From a positioning perspective:
$MAGMA 4-hour RSI is 85.8, in overbought territory.
The indicator reaching this level shows that buying pressure has been very strong lately. At this point, watching whether large investors are taking profits in stages amid the hype is more useful than focusing only on the indicator.
Do you think this is the beginning or the end?
$MAGMA 4-hour RSI is 85.8, in overbought territory.
The indicator reaching this level shows that buying pressure has been very strong lately. At this point, watching whether large investors are taking profits in stages amid the hype is more useful than focusing only on the indicator.
Do you think this is the beginning or the end?