I'm opening a BIG LONG on $MAGMA here.
TP: $0.3650
SL: $0.3040 👇🏻
MAGMAUSDT
Perp
0.3307
-2.74%
I know $MAGMA has been dumping hard, but I actually like what I'm seeing at this level. Buyers are trying to hold this $0.3040 support, and there's a massive amount of short sellers' liquidity sitting above us.
I think the market could go after that liquidity next, and if I'm right, $0.3650 shouldn't be too far away.
I'm taking my chances here.
Let's see if those shorts get squeezed.
TP: $0.3650
SL: $0.3040 👇🏻
MAGMAUSDT
Perp
0.3307
-2.74%
I know $MAGMA has been dumping hard, but I actually like what I'm seeing at this level. Buyers are trying to hold this $0.3040 support, and there's a massive amount of short sellers' liquidity sitting above us.
I think the market could go after that liquidity next, and if I'm right, $0.3650 shouldn't be too far away.
I'm taking my chances here.
Let's see if those shorts get squeezed.
