$MAGMA 15-minute drop of 4.72%, current price 0.2347. There are two possible scenarios:
① Stabilizes and climbs back above the breakdown level → this move looks more like a shakeout
② A weak rebound and a break below the 24h low of 0.2254 → the downtrend may continue
Personally, I’d wait for a stabilization signal and assess its strength before deciding. If it were you, would you make a move or wait a little longer?
① Stabilizes and climbs back above the breakdown level → this move looks more like a shakeout
② A weak rebound and a break below the 24h low of 0.2254 → the downtrend may continue
Personally, I’d wait for a stabilization signal and assess its strength before deciding. If it were you, would you make a move or wait a little longer?
