$MAGMA lost the 7-day low: current price 0.2753, previous low 0.2933.
After the breakdown, watch two things:
· Whether the previous low of 0.2933 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases on the breakdown; a low-volume break could be a false breakdown
Do you place more weight on data or sentiment?
After the breakdown, watch two things:
· Whether the previous low of 0.2933 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases on the breakdown; a low-volume break could be a false breakdown
Do you place more weight on data or sentiment?