$MAGIC - Chasing 46% moves on 33.5M volume usually ends in a round-trip.
When greed hits 69, extended names reverse faster than the index - wait for the first pullback to show drying volume before touching it.
Live example: $MAGIC +46.5% on 33.5M USDT volume.
Tape now: $BTC 83,765 USDT (+0.9%) · $ETH 2,546 USDT (+1.4%)
#TradingTips #RiskManagement
When greed hits 69, extended names reverse faster than the index - wait for the first pullback to show drying volume before touching it.
Live example: $MAGIC +46.5% on 33.5M USDT volume.
Tape now: $BTC 83,765 USDT (+0.9%) · $ETH 2,546 USDT (+1.4%)
#TradingTips #RiskManagement