【$MAGMAUSDT】Bull and bear battle intensifies

$MAGMA This trend is purely a meat grinder. During the regular intraday fluctuation period, the price retraced over 20% from the high of 0.1499 and is now consolidating around 0.1190. On the 4-hour chart, the MACD red bars are shrinking but still above the zero line; on the 1-hour chart, the price has broken below the EMA20. There are very thick orders around 0.1180 below, with the capital support clearly exposed. Buying pressure has fractured, and the high-level distribution features are obvious, but the open interest remains stable—longs and shorts are still engaged in a tug-of-war.
Direction: No position
Orders: Attempt short around 0.1215
Stop Loss: Above 0.1245
Target 1: 0.1140
Target 2: 0.1110
Trade Management: Take profits gradually, strictly prevent retracement.
View real-time market data 👇 $MAGMA
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