$MAGMA is moving aggressively at $0.24421, up 39.55%. That kind of expansion shows strong demand, but I’m not interested in entering after a vertical candle. I’d rather buy a controlled retracement.
Trade Setup — LONG
Entry Zone: $0.2320–$0.2400
Target 1: $0.2520
Target 2: $0.2670
Target 3: $0.2850
Stop Loss: $0.2180
The setup works if momentum cools down without breaking the breakout structure. I’m waiting for buyers to defend the pullback.
$MAGMA
Trade Setup — LONG
Entry Zone: $0.2320–$0.2400
Target 1: $0.2520
Target 2: $0.2670
Target 3: $0.2850
Stop Loss: $0.2180
The setup works if momentum cools down without breaking the breakout structure. I’m waiting for buyers to defend the pullback.
$MAGMA