$MAGMA I'm watching for a SHORT opportunity.
After this explosive pump, $MAGMA is consolidating near $0.53, RSI is around 79, so the market looks overheated in the short term.
🔴 I'm leaning SHORT here guys
- Stop Loss: $0.548
- TP: $0.500 / $0.483
Resistance: $0.544 / $0.558
Support: $0.500 / $0.483
Why SHORT?
The rally has been aggressive, RSI is overbought, and a rejection near the recent high could trigger profit-taking.
OPEN TRADE 👇🏻
$IRYS #trading
After this explosive pump, $MAGMA is consolidating near $0.53, RSI is around 79, so the market looks overheated in the short term.
🔴 I'm leaning SHORT here guys
- Stop Loss: $0.548
- TP: $0.500 / $0.483
Resistance: $0.544 / $0.558
Support: $0.500 / $0.483
Why SHORT?
The rally has been aggressive, RSI is overbought, and a rejection near the recent high could trigger profit-taking.
OPEN TRADE 👇🏻
$IRYS #trading