⬆️The MAGMA chart is painting a very interesting picture. We’ve come right up to a key resistance line, and momentum is building right before our eyes.
Many are still opening short positions, hoping for a pullback, but that’s exactly what’s creating plenty of fuel for a powerful move up. When there are too many short sellers, a breakout above resistance can trigger a real short squeeze.
I’m waiting for a solid move to hold above this zone. If we break through, we could shoot up very quickly, with hardly any pauses. What are you watching for right now—going long or waiting for confirmation? $MAGMA