A few numbers: $MAGMA 15-minute open interest +4.55%, total open interest $7.05 million; price over the same period +5.34%, 24h +19.61%.
Leverage is clearly building up. Whether volume can sustain will determine how far this move can go. Signal or trap?
#MAGMA
Not investment advice. Don’t follow this trade.
Leverage is clearly building up. Whether volume can sustain will determine how far this move can go. Signal or trap?
#MAGMA
Not investment advice. Don’t follow this trade.