🐋 $MAGMA fell to a new 7-day low; selling pressure hasn't ended.
Current price: 0.2434, breaking below the previous low of 0.2454; 24-hour trading volume: $11.96 million.
Large numbers of long positions often have stop-loss orders below the previous low. A break below it could trigger a cascade of liquidations; watch for large orders buying at the lows.
#MAGMA
Current price: 0.2434, breaking below the previous low of 0.2454; 24-hour trading volume: $11.96 million.
Large numbers of long positions often have stop-loss orders below the previous low. A break below it could trigger a cascade of liquidations; watch for large orders buying at the lows.
#MAGMA
