【$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 stabl