$MAGMA JUST FLASHED A 14 RSI TRAP â BOTTOM FISHERS BEWARE đ„
Entry: 0.27125 đ„
Target: 0.25179 đ
Stop Loss: 0.29720 â ïž
Everyoneâs calling bottom on $MAGMA , but the 15-minute RSI is crushed to 14.09 â classic exhaustion that traps buyers in a range market. The 4-hour bias is still solidly short with 85% confidence, and ATR is low at 0.0072. That means the squeeze is building for bears, not bulls.
TP1 at 0.2517 is only about 7% away from current price. Which side gets wrecked first â the bottom fishers or the short sellers?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Crypto #Trading
âĄ
Entry: 0.27125 đ„
Target: 0.25179 đ
Stop Loss: 0.29720 â ïž
Everyoneâs calling bottom on $MAGMA , but the 15-minute RSI is crushed to 14.09 â classic exhaustion that traps buyers in a range market. The 4-hour bias is still solidly short with 85% confidence, and ATR is low at 0.0072. That means the squeeze is building for bears, not bulls.
TP1 at 0.2517 is only about 7% away from current price. Which side gets wrecked first â the bottom fishers or the short sellers?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Crypto #Trading
âĄ