MAGMAUSDT — Momentum Is Strong, But Don’t Chase the Pump 🔥
$MAGMA is moving hard right now.
Price is around 0.2385, up more than 40% in 24H, with a huge volume spike. On the 1H chart, price is trading well above the MA/EMA levels and MACD is still strongly bullish.
But there’s one thing I’m watching closely — RSI is around 90.
That means momentum is extremely strong, but the market is also heavily stretched. At this level, chasing a green candle can be risky.