$MAGMA broke through the 0.4 threshold, with the current price at 0.4003.
Around key price levels, I usually look at three things:
① Close: An intraday touch doesn’t count; it’s a true breakout only if the closing price stays above 0.4.
② Retest: Can the price hold near 0.4 during a pullback? If it holds, the transition is complete.
③ Volume: Did volume increase during the breakout? Breakouts on lower volume are more likely to be false.
#MAGMA
Around key price levels, I usually look at three things:
① Close: An intraday touch doesn’t count; it’s a true breakout only if the closing price stays above 0.4.
② Retest: Can the price hold near 0.4 during a pullback? If it holds, the transition is complete.
③ Volume: Did volume increase during the breakout? Breakouts on lower volume are more likely to be false.
#MAGMA