🚨 MAGMA just went parabolic. RSI is hot and the top is in 💀 #MAGMA
$MAGMA — Pumped 60% to 0.5444, now bleeding back to 0.5033. RSI is sitting at 81. Late buyers are trapped at the top. The vertical candle is done.
I'm shorting this move.
🔽 Short Entry (DCA): 0.57884
🎯 Targets: 25%+ drop
🔴 Stop Loss: 0.65
If it gives a weak bounce to my entry zone, I'll add to the position. When this dumps, it won't be slow.
$MAGMA — Pumped 60% to 0.5444, now bleeding back to 0.5033. RSI is sitting at 81. Late buyers are trapped at the top. The vertical candle is done.
I'm shorting this move.
🔽 Short Entry (DCA): 0.57884
🎯 Targets: 25%+ drop
🔴 Stop Loss: 0.65
If it gives a weak bounce to my entry zone, I'll add to the position. When this dumps, it won't be slow.
