$MAGMA played out as expected following the 1h RSI overextension.
The price successfully mean-reverted to the 1h MA7 for a clean 5% move.
📉 📉
$MOVR
$XRP
The price successfully mean-reverted to the 1h MA7 for a clean 5% move.
📉 📉
$MOVR
$XRP
Post
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$MAGMA : MAGMA is looking very overextended on the hourly chart after that big run. I'm looking for a short scalp as it cools off, aiming for a drop back toward the 0.3510 area.
Entry zone: 0.36000 - 0.36900
Targets: 0.338 - 0.324 - 0.310 - 0.292
Stop: 0.39483
Downside plan below. 👇👇👇
$MOVR
$ETH
Entry zone: 0.36000 - 0.36900
Targets: 0.338 - 0.324 - 0.310 - 0.292
Stop: 0.39483
Downside plan below. 👇👇👇
$MOVR
$ETH
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