Buy a large amount of $MAGNA$ from 0.37; it's now at 0.385, with a target of 0.5 and the nearest target ahead. I got this message and didn't pay attention—should I get in now, or has the opportunity passed?
I got this message yesterday: "Buy a large amount of MAGNA from 0.37; it's now at 0.385, with a target of 0.5 and the nearest target ahead," but I didn't pay attention.
*What happened after the message?*
MAGMA, the Magma Finance token on the Sui network, rose after the message from 0.385 to $0.4239.
That means anyone who got in at 0.37 is now up 14.5%, while anyone who would have bought when the message came in at 0.385 is up 10.1%.
Highest price in 24 hours: $0.4379
Lowest price: $0.3509
Market cap: $81.16 million
*Should I get in now, or has the opportunity passed?*
The bargain entry is gone. Getting in at 0.4239 is late, since there's only about 17.9% left to the 0.5 target, and if it drops back to 0.37, you'll lose 12.7%.
It's better to wait for a pullback to 0.39–0.40. If it holds above that range, you could enter with a small position, with a stop below 0.37.
*Bottom line:* Don't get in out of FOMO. Wait for a pullback; there are opportunities in the market every day.
_This article is for educational purposes and is not investment advice._
#MAGMA #Magma_Finance #BoughtALargeAmount #WriteAndEarn #CryptoAnalysis #FOMO #
I got this message yesterday: "Buy a large amount of MAGNA from 0.37; it's now at 0.385, with a target of 0.5 and the nearest target ahead," but I didn't pay attention.
*What happened after the message?*
MAGMA, the Magma Finance token on the Sui network, rose after the message from 0.385 to $0.4239.
That means anyone who got in at 0.37 is now up 14.5%, while anyone who would have bought when the message came in at 0.385 is up 10.1%.
Highest price in 24 hours: $0.4379
Lowest price: $0.3509
Market cap: $81.16 million
*Should I get in now, or has the opportunity passed?*
The bargain entry is gone. Getting in at 0.4239 is late, since there's only about 17.9% left to the 0.5 target, and if it drops back to 0.37, you'll lose 12.7%.
It's better to wait for a pullback to 0.39–0.40. If it holds above that range, you could enter with a small position, with a stop below 0.37.
*Bottom line:* Don't get in out of FOMO. Wait for a pullback; there are opportunities in the market every day.
_This article is for educational purposes and is not investment advice._
#MAGMA #Magma_Finance #BoughtALargeAmount #WriteAndEarn #CryptoAnalysis #FOMO #
