A signal. The $MAGMA 4-hour RSI has surged to 90.9, extremely overbought. The daily RSI is also topped out at 83.2.
$MAGMA 4-hour RSI 90.9. Extremely overbought. Current price is 0.2909. Up 23.77% in the last 24h.
Support: 0.256, 0.237. Resistance: 0.293, 0.305.
Funding rate +0.057%. Longs are still paying funding. This pump has taken the price from 0.178 to 0.291 without almost any pauses. Volume is increasing, but an RSI of 90.9 means short-term sentiment is already maxed out.
My plan. Current price 0.2909. Slightly bearish. Try a short around 0.290, stop loss at 0.310, targets at 0.256 and 0.237, with a reward-to-risk of about 1:2.5.
For a stock that rockets like this, an RSI above 90 doesn’t happen every day. I won’t chase longs. I’ll wait for a pullback.
I’m watching.
$MAGMA #MAGMA #合约 #RSI overbought
$MAGMA 4-hour RSI 90.9. Extremely overbought. Current price is 0.2909. Up 23.77% in the last 24h.
Support: 0.256, 0.237. Resistance: 0.293, 0.305.
Funding rate +0.057%. Longs are still paying funding. This pump has taken the price from 0.178 to 0.291 without almost any pauses. Volume is increasing, but an RSI of 90.9 means short-term sentiment is already maxed out.
My plan. Current price 0.2909. Slightly bearish. Try a short around 0.290, stop loss at 0.310, targets at 0.256 and 0.237, with a reward-to-risk of about 1:2.5.
For a stock that rockets like this, an RSI above 90 doesn’t happen every day. I won’t chase longs. I’ll wait for a pullback.
I’m watching.
$MAGMA #MAGMA #合约 #RSI overbought