$MAGMA 💥 MAGMA/USDT PERP SHORT: HEAVY BLEEDING CONTINUES! 📉⚠️
MAGMA is getting slammed futures, dumping -33.91% down to $0.24520. The sellers are completely dominating this chart, leaving a very clean short-selling blueprint.
The Bear Wall: Price is trapped way below the moving averages—MA(7) at $0.24938, MA(25) at $0.27787, and the heavy MA(99) at $0.38755 acting as an absolute ceiling.
Volume Flow: Heavy liquidation pressure with 5.68M MAGMA and 1.41M USDT rushing through the books.
🎯 Quick Short Setup:
Entry Zone: $0.2440 - $0.2480 (Fading relief bounces)
Targets: $0.2200 / $0.2090 (Testing local lows)
Stop Loss (SL): $0.2550 (Just above immediate resistance)
Are you riding this bloodbath down or waiting for a reversal? Drop your moves! 👇🔥
#MAGMAUSTD #MAGMAUSDT #BinanceSquare #ShortTrade #cryptotrading