【$MAGMAUSDT】Don't rush to catch the bottom/chase the high, check this first
$MAGMA During regular intraday fluctuations, the price pulled back from the 0.1499 high to around 0.129. This drop is definitely a bull trap. After a sharp expansion of volume at the 4-hour level, it contracted, and open interest remained stable, indicating the main force hasn't left. MACD crossed above the zero line but the 1-hour histogram contracted, bullish momentum is temporarily consolidating. The upper band of the Bollinger Band at 4-hour level at 0.1335 forms short-term resistance, while dense buy orders are h