MAGMA faces selling pressure, with the decline expanding to 11.6%, and the current price dropping to $0.138. Profit-taking surged after listing, coupled with the end of incentives from a major exchange, directly breaking through the key support at $0.142. The price has fallen with 20x leverage amplification and is testing the lows after TGE. Bulls want to turn the tide? They need to take down the $0.146 level to have a chance. The support at $0.135 below must also be closely watched; this is the last line of defense.

MAGMA-2.43%
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ForumLurkervip
· 01-13 01:53
Oh no, it's the old trick of profit-taking and running away. Playing with 20x leverage is really exciting.
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HashRateHustlervip
· 01-11 15:10
20x leverage directly blows up, this is the real "amplification"
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CryptoSurvivorvip
· 01-11 11:57
It's the same old trick. As soon as the exchange withdraws incentives, they start dumping. This time, MAGMA's retail investors will have to pay the tuition again.
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MEVEyevip
· 01-11 11:53
It's the same old trick again—first pump, then dump. 20x leverage is basically a money-sucking machine for retail investors.
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VirtualRichDreamvip
· 01-11 11:49
Damn, it's the same old trick again—profit-taking + policy ending the double kill, 20x leverage blowing up directly.
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PensionDestroyervip
· 01-11 11:41
Same old story, profit-taking dumps, and as soon as the policies end, it plunges. With 20x leverage, you must be loving it now haha
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fren.ethvip
· 01-11 11:38
It's the same old story. As soon as the incentives stop, they start running away. The guys using 20x leverage are probably crying now.
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