$MAGMA has the exact same setup SKYAI had after it topped out. I’m expecting a 90%+ move to the downside soon if this structure plays out the same way. That said, I still think $MAGMA could retest its recent range highs before the real breakdown begins, just like SKYAI did. For now, I’m not rushing into a position. I’ll be watching price action closely for a strong bearish move and confirmation before following the downside. If the setup plays out, the downside could be massive.

