$MAGMA USDT is showing strong bearish momentum right now – down -18.57% in the recent session, trading at ~0.1125 USDT after a sharp drop from highs around 0.183-0.187!
📉 Key indicators screaming caution:
Heavy sell pressure with L/S Ratio 0.52 (shorts dominating at 65.69%)
L/S Position at 1.93 – longs getting squeezed hard
RSI(6) super oversold at ~18.9, RSI(14) ~36.9 (divergence potential but still weak)
Massive red candles on the 1D chart + broken supports
Volume spiking on the downside with MA lines curling bearish
This fresh Sui DeFi gem ($MAGMA – AI-powered liquidity protocol) got hit hard after hype fade, but oversold levels + high vol often mean short-term bounce potential before next leg down.
🚨 TRADE ALERT: SHORT $MAGMA USDT NOW!
Entry: around 0.112 – 0.114
Take Profit: 0.105 (first target) → 0.098 (extended)
Stop Loss: 0.119 (tight above recent low wick)
Risk-reward looks juicy for bears – don't fight the trend! DYOR & manage risk – crypto is wild.
Who’s jumping on this dip/short play? Drop 🔥 if you're in!
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