$MAGMA Watch the long opportunity. Right now the whole market is crowded into shorting; in this kind of situation, I’d actually focus on the possibility of a false breakdown.

From the higher timeframe, the daily chart is still rebounding within the range of 0.30668 to 0.30786, and the overall structure hasn’t turned bad. On the 15-minute chart, the RSI is around 41, and there’s still room for buyers to keep pushing. Also, while the 15-minute volume is only about half of its usual level, it shows that there’s real buying support underneath—not just noise.

At this level, you can keep an eye on it. If you enter, the stop-loss can be placed around 0.30157 for defense. For upside targets, first look at 0.31155, and there’s a chance it could even reach 0.31867. When trading against the trend, be sure to control position sizing—don’t chase too aggressively—and stay alert to risk at all times.