$MAGMA — SHORT
Entry → 0.2380
TP1 → 0.2280
TP2 → 0.2180
TP3 → 0.2050
SL → 0.2500
KuCoin perpetuals show MAGMA at 0.2398 with funding at +0.0050% and open interest at 3.25M MAGMA . The token has faded from its recent spike above 0.36, and the current structure shows lower highs forming below the 0.25 zone. With spot sitting at $0.2254, the perp premium suggests longs are overpaying. A break below 0.2380 exposes the 0.2050 shelf.