$MAGMA COOLING DOWN AFTER BLOW-OFF TOP — RETEST ZONE AHEAD
After a massive rally touching a 24h high of $0.5795,$MAGMA is currently pulling back and consolidating around the $0.5160 mark. Price is forming a range on the 15M chart as initial momentum cools down.
Entry Zone (Limit): $0.4850 – $0.5050 (Wait for pullback into demand)
TP1: $0.5400
TP2: $0.5750
TP3: $0.6100
Stop Loss: Below $0.4680
Avoid chasing market orders at current mid-range resistance. Let the price retest the support zone and show a bullish reversal signal before opening positions.
Buy and Trade $MAGMA
After a massive rally touching a 24h high of $0.5795,$MAGMA is currently pulling back and consolidating around the $0.5160 mark. Price is forming a range on the 15M chart as initial momentum cools down.
Entry Zone (Limit): $0.4850 – $0.5050 (Wait for pullback into demand)
TP1: $0.5400
TP2: $0.5750
TP3: $0.6100
Stop Loss: Below $0.4680
Avoid chasing market orders at current mid-range resistance. Let the price retest the support zone and show a bullish reversal signal before opening positions.
Buy and Trade $MAGMA
