#MAGMA $MAGMA 15m this drop is a bit sudden, current price $0.54364, 24h -21.45%.



I usually look at two things first. This pullback is not gentle; be careful of weakening from highs.

As for risk, 61% of the open interest is long. After the breakdown, short-term will continue to test.

Both charts are below: the first one for analysis levels, the second one for the web K-line.

Watch whether $0.52733 can hold, $0.55723 is the resistance above.
MAGMA-29.50%
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