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【$MAGMAUSDT】Whale Fund Intentions Exposed
$MAGMA During the European opening rush period, after surging on high volume at the 4-hour level, the buying power gap is clearly evident. At current price near 0.1172, sell-side order book depth far exceeds buy-side, funding rate turned positive but price lags—a typical pump-and-dump structure. The 1-hour MACD death cross diverged downward, price has broken below EMA20 and Bollinger midline, bearish momentum is accumulating. Chasing longs at this level is throwing money away.
Short directly at current 0.1172, stop loss above 0.1200. First target at 0.1113 support level, after breaking through, target 0.1050 zone. Risk-reward ratio close to 2:1, worth a try.
View live market 👇 $MAGMA
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