$MAGMA is moving with serious strength on the 15m chart, and I’m watching the latest push after price broke above the 0.43545 area. The structure is clearly bullish, with higher highs and higher lows holding across the session.
Price has reached 0.49900, so momentum is strong, but chasing the top here carries risk. I’d rather watch for a controlled pullback into the breakout zone, where previous resistance could turn into support. Volume is also elevated, which adds weight to the move.
Trade Setup
Entry: $0.455–0.470
Stop Loss: $0.432
Targets:
Target 1: $0.499
Target 2: $0.525
Target 3: $0.555
Target 4: $0.590
Why it’s possible
The 15m trend remains firmly bullish, with buyers consistently defending higher levels. The breakout above the consolidation around 0.43545 opened room toward the recent high.
I’m watching how price reacts around 0.455–0.470. A successful retest would strengthen the continuation setup, while losing 0.432 would invalidate the idea.
Let’s trade the pullback, not chase the candle, $MAGMA
Price has reached 0.49900, so momentum is strong, but chasing the top here carries risk. I’d rather watch for a controlled pullback into the breakout zone, where previous resistance could turn into support. Volume is also elevated, which adds weight to the move.
Trade Setup
Entry: $0.455–0.470
Stop Loss: $0.432
Targets:
Target 1: $0.499
Target 2: $0.525
Target 3: $0.555
Target 4: $0.590
Why it’s possible
The 15m trend remains firmly bullish, with buyers consistently defending higher levels. The breakout above the consolidation around 0.43545 opened room toward the recent high.
I’m watching how price reacts around 0.455–0.470. A successful retest would strengthen the continuation setup, while losing 0.432 would invalidate the idea.
Let’s trade the pullback, not chase the candle, $MAGMA
