$MAGMA -minute plunge of 13.32%, to 0.2605, with a 24h range of 0.25 ~ 0.3273.
A valid breakout is usually accompanied by increased volume, while a false breakout often lacks volume. This is the method I use most often to assess them.
Be wary of a sharp drop on heavy volume, and don’t take a slow decline on low volume lightly either. Neither of these is a signal that the price has bottomed.
A valid breakout is usually accompanied by increased volume, while a false breakout often lacks volume. This is the method I use most often to assess them.
Be wary of a sharp drop on heavy volume, and don’t take a slow decline on low volume lightly either. Neither of these is a signal that the price has bottomed.