🔥 MAGMA/USDT — market is overheated. Is it time to short?

After a powerful impulse of +61%, the price surged to 0.7000, firmly consolidating above all EMAs. The trend remains bullish, but most indicators already signal strong overheating.

📊 Indicators:
RSI(6) — 95.6, RSI(14) — 91.6, StochRSI is almost at its maximum.
MACD keeps a bullish momentum, but after such vertical moves, profit-taking often starts.

📍 Entry points:
🔸 Aggressive: 0.690–0.70 after reversal confirmation.
🔸 Conservative: 0.665–0.670 after a break and retest of the level.

🎯 Targets:
1️⃣ 0.593 (≈ -13%)
2️⃣ 0.521 (≈ -23%)
3️⃣ 0.449 (≈ -34%)

🛑 Stop-loss: above 0.75

⚠️ As long as the price is below 0.721, priority is a correction after overheating. If this level is broken confidently on volume, the short scenario is canceled, and the market may continue rising to new highs.