$MAGMA ran +9% and this is what the structure shows right now 👇
Pumps like this 77% leg in 3 days always bring in late buyers right where risk is highest.
Look at what happened around 0.39561: MAGMA got through by just 8.7%, tagged 0.42997 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.3509. Nobody's touched it $MAGMA since the pullback (29% of the leg), so it's the obvious magnet. A move above 0.42997 proves me wrong.
📌 My MAGMA trade: short from 0.41324, stop at 0.44441, target 0.3509 (+15.1%, 1:2)
📊 24h Vol: $71.4M | 24h Chg: +8.8% | Funding: +0.0441%
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
Just my view, not financial advice.
#MAGMA #Analysis #Trading
Pumps like this 77% leg in 3 days always bring in late buyers right where risk is highest.
Look at what happened around 0.39561: MAGMA got through by just 8.7%, tagged 0.42997 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.3509. Nobody's touched it $MAGMA since the pullback (29% of the leg), so it's the obvious magnet. A move above 0.42997 proves me wrong.
📌 My MAGMA trade: short from 0.41324, stop at 0.44441, target 0.3509 (+15.1%, 1:2)
📊 24h Vol: $71.4M | 24h Chg: +8.8% | Funding: +0.0441%
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
Just my view, not financial advice.
#MAGMA #Analysis #Trading
