A new $MAGMA 24-hour high has been established.
24h: +11.33%, current price: 0.2668, previous high: 0.2561.
Structurally, a new high suggests there is less overhead supply from holders who bought at higher prices, so short-term resistance is relatively low. However, if the price quickly falls back below the previous high, be wary of a bull trap. How do you interpret this information?
24h: +11.33%, current price: 0.2668, previous high: 0.2561.
Structurally, a new high suggests there is less overhead supply from holders who bought at higher prices, so short-term resistance is relatively low. However, if the price quickly falls back below the previous high, be wary of a bull trap. How do you interpret this information?
