$MAGIC trading volume shrinks by more than 70%, risk of breaking position skyrockets, is your asset still safe?
#MAGIC trapped in the 'low volatility trap', seemingly has technical advantages, but in reality, the trading volume is 'suffocating', RSI divergence is subtly appearing, not breaking previous high of 0.1990. If the CPI data in 9 hours is >3.3%, selling pressure on small-cap tokens may increase.
Operation suggestion: Current price 0.1933, maximum upward movement of 3.5% to 0.1990, potential drop may reach 12.6% to 0.1690, profit-loss ratio 0.6:1. Breaking observation: Bulls need consecutive two periods of trading volume exceeding 500M and closing above 0.1950; Bears look for a breakdown below 0.1900, then whether the bounce at 0.1920 is suppressed. Hedging operation: Holders hedge at current price (50% spot + equivalent of 5% funds short position, stop loss at 0.1995); non-holders place buy orders at 0.1850 (with a hard stop loss at 0.1800).
On-chain: Focus on the top 10 addresses transferring out MAGIC (over 5 million has risk) and Binance cold wallet increasing holdings (over 20 million coins or pump). Order book: Buy orders in the range of 0.1950 - 0.1980 are less than 500,000 USDT, making it easy to be dumped. Event-driven: The collaboration between MagicEden and Trump poses controversial bearish risks, which may trigger a single-day flash crash of 25%. (MAGIC volatility 58%, position not exceeding 2%, immediate stop loss if it falls below 0.1900.)
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