$MAGMA Strong Bullish Breakout Confirmed 🚀
$MAGMA is flashing high-conviction bullish signals on the 1h chart. Following a period of distribution, price has aggressively reclaimed the 1h SuperTrend (green flip at 0.10152), confirming a shift in market structure from bearish to bullish. With Binance Futures having recently launched the USDⓈ-Margined contract with up to 20x leverage, speculative volume is flooding in, as evidenced by the 30.58M 24h MAGMA volume.
Execution Zone (Long): 0.10500 – 0.10900
Target I: 0.11200 (24h High)
Target II: 0.11800
Target III: 0.12500+ (Breakout Extension)
Invalidation: 0.10080 🛑
The bullish bias remains solid while price holds above the 0.1015 support. A decisive break above 0.112 opens the door for a parabolic run toward the 0.120–0.130 zone. Watch for a retest of the SuperTrend line for optimal entry.
#MAGMA #CryptoTrading #Bullish #BinanceFutures $FHE
