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詳情:https://www.gate.com/announcements/article/50291
【$MAGMAUSDT】Don't Be Fooled, Real Data Here
$MAGMA Volume collapsed dramatically on the 4-hour timeframe, plummeting from 2.7 billion to 350,000 - buy orders dried up completely. During regular intraday fluctuation period, price is oscillating narrowly around 0.1296, with an extremely thick sell wall at 0.12975 above, completely exposing the market makers' intention to prop up the price. One-hour MACD death cross, bullish momentum exhausted. Dog whales are distributing on the left side, distribution characteristics obvious at high levels.
Current price 0.1296 go short directly, stop loss placed above 0.1325. Looking for a pullback wave down to 0.122, take profits in batches when reached. Risk-reward ratio decent, but need to be vigilant as this volume contraction consolidation could be broken at any time by large orders.
Check real-time chart 👇 $MAGMA
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