$MAGMA 15-minute volatility expanded to 7 times normal (10.64%), and the close was down 5.60%.
Breaking it down: disagreement between bulls and bears is widening, while selling pressure has temporarily overwhelmed buying support.
0.338594 (15m structure level · touched 5 times) is the nearest resistance; to see which way volatility expands next, watch which of these two price levels gets taken first.
#MAGMA #Cryptocurrency
Will you wait for confirmation of direction, or get involved now?
Breaking it down: disagreement between bulls and bears is widening, while selling pressure has temporarily overwhelmed buying support.
0.338594 (15m structure level · touched 5 times) is the nearest resistance; to see which way volatility expands next, watch which of these two price levels gets taken first.
#MAGMA #Cryptocurrency
Will you wait for confirmation of direction, or get involved now?
