Retail is panic-selling MAGMA after the -5.3% flush, but that 2.7x volume dump was an engineered liquidity raid right into demand.
$MAGMA - LONG
Trade Plan:
Entry: 0.25147 – 0.26000
SL: 0.20450
TP1: 0.30000
TP2: 0.33580
TP3: 0.34777
Why this setup?
- The -5.3% decline on 2.7x relative volume represents an aggressive post-spike liquidity sweep into the 0.33580–0.34777 supply band rather than a breakdown of the underlying 1H market structure.
- Navigating this counter-trend expansion against a bearish daily trend and a weak Bitcoin tape requires patience; execution avoids catching falling wicks and waits for price to settle inside the 0.25147–0.26000 demand and FVG pocket.
- Entry triggers strictly on a liquidity sweep of 0.24484/0.23691 followed by a 1H bullish engulfing candle or a lower-timeframe market structure shift back upward.
- The upside sequence targets the 0.30000 psychological recovery level, the 0.33580 resistance shelf, and the 0.34777 expansion peak, with invalidation protected on a 1H close below 0.20600.
Debate:
Are you panic-selling the -5.3% flush on MAGMA into 0.250, or stacking limit bids at the demand sweep to ride the 35% bounce back to 0.347?
Click here to Trade 👇
$BTR $ONG
$MAGMA - LONG
Trade Plan:
Entry: 0.25147 – 0.26000
SL: 0.20450
TP1: 0.30000
TP2: 0.33580
TP3: 0.34777
Why this setup?
- The -5.3% decline on 2.7x relative volume represents an aggressive post-spike liquidity sweep into the 0.33580–0.34777 supply band rather than a breakdown of the underlying 1H market structure.
- Navigating this counter-trend expansion against a bearish daily trend and a weak Bitcoin tape requires patience; execution avoids catching falling wicks and waits for price to settle inside the 0.25147–0.26000 demand and FVG pocket.
- Entry triggers strictly on a liquidity sweep of 0.24484/0.23691 followed by a 1H bullish engulfing candle or a lower-timeframe market structure shift back upward.
- The upside sequence targets the 0.30000 psychological recovery level, the 0.33580 resistance shelf, and the 0.34777 expansion peak, with invalidation protected on a 1H close below 0.20600.
Debate:
Are you panic-selling the -5.3% flush on MAGMA into 0.250, or stacking limit bids at the demand sweep to ride the 35% bounce back to 0.347?
Click here to Trade 👇
$BTR $ONG
