【$MAGMAUSDT】Long and Short Position Intense Battle
$MAGMA This trend is a pure meat grinder. During regular intraday fluctuations, the price has retraced over 20% from the 0.1499 high, currently consolidating around 0.1190. At the 4-hour level, the MACD red column is contracting but remains above the zero axis. At the 1-hour level, the price has broken below the EMA20. There are extremely thick pending orders around 0.1180 below, with fund support intentions completely exposed. Buy orders are interrupted, distribution characteristics at high levels are evident, but open interest remains stable, with bulls and bears still in a tug-of-war.
Direction: Empty Position Pending Order: Test short around 0.1215 Stop Loss: Above 0.1245 Target 1: 0.1140 Target 2: 0.1110 Trade Management: Take profits in batches, guard against drawdowns. View Real-Time Charts 👇 $MAGMA --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡
【$MAGMAUSDT】Long and Short Position Intense Battle
$MAGMA This trend is a pure meat grinder. During regular intraday fluctuations, the price has retraced over 20% from the 0.1499 high, currently consolidating around 0.1190. At the 4-hour level, the MACD red column is contracting but remains above the zero axis. At the 1-hour level, the price has broken below the EMA20. There are extremely thick pending orders around 0.1180 below, with fund support intentions completely exposed. Buy orders are interrupted, distribution characteristics at high levels are evident, but open interest remains stable, with bulls and bears still in a tug-of-war.
Direction: Empty Position
Pending Order: Test short around 0.1215
Stop Loss: Above 0.1245
Target 1: 0.1140
Target 2: 0.1110
Trade Management: Take profits in batches, guard against drawdowns.
View Real-Time Charts 👇 $MAGMA
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Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡