$MAGIC is still swaggering around at the top of the gainers list, while on-chain funds are quietly pulling out.
This kind of divergence is the most dangerous. After plunging from its high, the price has been pinned between 0.105 and 0.107. It may look like it can’t fall any further, but that’s just a hollow bounce with no trading volume. Big money is withdrawing on-chain, and there’s no one on the market to buy in. This sideways action isn’t a bottom forming—it’s simply a pause in the downtrend before the next sell-off.
Don’t fantasize about a second rally while everyone else is heading for the exits. If you’re holding spot, take the chance to get out on a rebound. If it breaks below 0.105, let your short ride the move down.
#以太坊突破2500USDT #MAGIC $MAGIC
#MAGIC $MAGIC
👇
This kind of divergence is the most dangerous. After plunging from its high, the price has been pinned between 0.105 and 0.107. It may look like it can’t fall any further, but that’s just a hollow bounce with no trading volume. Big money is withdrawing on-chain, and there’s no one on the market to buy in. This sideways action isn’t a bottom forming—it’s simply a pause in the downtrend before the next sell-off.
Don’t fantasize about a second rally while everyone else is heading for the exits. If you’re holding spot, take the chance to get out on a rebound. If it breaks below 0.105, let your short ride the move down.
#以太坊突破2500USDT #MAGIC $MAGIC
#MAGIC $MAGIC
👇