This volatility is a bit wild!
$MAGMA 24-hour gain of 12.98%, but open interest is down 21.19%! It looks like short sellers are being forced to close their positions 🚀
But short covering alone can’t keep prices rising forever—the key is whether new money comes in!
Vote in the comments: up or down?
$MAGMA 24-hour gain of 12.98%, but open interest is down 21.19%! It looks like short sellers are being forced to close their positions 🚀
But short covering alone can’t keep prices rising forever—the key is whether new money comes in!
Vote in the comments: up or down?