⏱️ 4 hours later – $MAGIC continues reacting to funding
As I mentioned in the previous post, the funding rate once again became the main driver of the movement.
MAGIC reacted strongly, but also made something important clear:
- Funding pushes, but doesn't give free entries. Paying funding to go short still resulted in much higher gains.
- Movements are fast and come with aggressive pullbacks.
- Opportunities exist both in long and short positions, but only for those who know how to wait for the right moment.
At this point:
- The market has already priced in part of the funding, halting the drop as it reached the EMA99 on the 5-minute chart.
- Volatility remains high.
- Entering too late usually means getting trapped.
MAGIC remains in the top 3 for funding favoring long positions, so it's worth keeping a close eye on in the coming periods.
This is not a coin to commit to one direction, but rather one to read the context and execute with precision.
We're staying alert to how funding evolves over the next 4h 👀📊
#TekaCueva #TekaCuevaInc @STATSVOIP @Cryptoteka_creator
As I mentioned in the previous post, the funding rate once again became the main driver of the movement.
MAGIC reacted strongly, but also made something important clear:
- Funding pushes, but doesn't give free entries. Paying funding to go short still resulted in much higher gains.
- Movements are fast and come with aggressive pullbacks.
- Opportunities exist both in long and short positions, but only for those who know how to wait for the right moment.
At this point:
- The market has already priced in part of the funding, halting the drop as it reached the EMA99 on the 5-minute chart.
- Volatility remains high.
- Entering too late usually means getting trapped.
MAGIC remains in the top 3 for funding favoring long positions, so it's worth keeping a close eye on in the coming periods.
This is not a coin to commit to one direction, but rather one to read the context and execute with precision.
We're staying alert to how funding evolves over the next 4h 👀📊
#TekaCueva #TekaCuevaInc @STATSVOIP @Cryptoteka_creator
