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MAGMA – 66% longs are trapped. 🔥
Price: 0.737. High: 0.835. Low: 0.482.
It pumped from 0.48 to 0.83. Now it's stuck. 66% of traders are still buying – hoping for another leg up. I'm not buying that hope – I'm shorting it.
If 0.80 breaks, I'm wrong. Until then, I'm riding this down.
👇 My trade setup:
· Entry: 0.737 (current)
· SL: 0.780
· Targets: 0.680 / 0.640
Disclaimer: Not financial advice. Manage your risk.
$MAGMA