$MAGIC surged 36% in one day, and I stubbornly opened a small short position 👊
MAGIC went straight from 0.066 to 0.128 today, a 36.84% surge in one day, 117% up in 7 days, and an incredible 185% in 30 days. The 24-hour trading volume hit 300 million, with explosive volume; this rally was sharp and fierce.
Watching it stall at 0.12840 after the spike, RSI6 is around 66, and the MACD red bars are starting to shorten—signs of a pullback after the surge are showing. I couldn’t resist and opened a small short position near 0.124, betting it needs a breather after such a big rise. The previous high at 0.12840 is my stop-loss line; if it breaks, I’ll admit defeat immediately.
However, this kind of short-term nearly doubled monster coin carries extremely high risk when trying to short at the top against the trend; it could surge again anytime. I’m testing with a small position and will exit if it pulls back.
Brothers, do you dare to short such a skyrocketing coin? Can I wait for a pullback on this trade? Let’s chat in the comments.🙈#波动雷达：币种异动观察#创作者激励#OKX星球话题来啦
