$MAGMA and $ESPORTS currently hold a bearish bias.



RSI has already broken through 90. This parabolic top is a dangerous signal, and I think you can look for a short-term short opportunity based on mean reversion.

$MAGMA ’s entry area to watch is the 0.318 to 0.326 range. Look down toward 0.3038 to 0.2892. Place the stop-loss at 0.3390.

But watch the risk: if momentum keeps building and breaks hard to 0.319130, the reversal thesis may fail. Don’t go all-in—control your position size based on your own capital.
MAGMA7.98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned