🐋 A heads-up for everyone watching the money flow: $MAGMA has lost the 0.45 level
There are often clusters of limit orders around price levels like this, and big players love to make moves there: either they push the price below the level to trigger stop-losses, then bring it back up, or they follow through on the breakdown and drive it lower. To tell the difference, watch which side is seeing more trading volume near the level.
Whether to buy is up to you; this is just a record.
There are often clusters of limit orders around price levels like this, and big players love to make moves there: either they push the price below the level to trigger stop-losses, then bring it back up, or they follow through on the breakdown and drive it lower. To tell the difference, watch which side is seeing more trading volume near the level.
Whether to buy is up to you; this is just a record.