$MAGMA is up 72%, but the next move around $0.54446 matters more than the rally itself. 👀
Price surged from $0.28008, broke through previous resistance, and is now attempting to recover near $0.52621 after a pullback.
I’m bullish, but I wouldn’t chase this move. The $0.54446 breakout needs confirmation first.
📈 My conditional long setup
Entry: $0.54500–$0.55200, after a confirmed 1H close above $0.54446.
🎯 TP1: $0.56500
🎯 TP2: $0.58500
🎯 TP3: $0.61000
🛑 SL: $0.49500
Buyers are attempting to defend $0.49952, which helps keep the bullish structure alive. But rejection at resistance could bring another pullback.
If $0.54446 isn’t broken, I’m waiting. A move below $0.49500 invalidates this setup.
DYOR. These are conditional levels, not guaranteed outcomes.
Price surged from $0.28008, broke through previous resistance, and is now attempting to recover near $0.52621 after a pullback.
I’m bullish, but I wouldn’t chase this move. The $0.54446 breakout needs confirmation first.
📈 My conditional long setup
Entry: $0.54500–$0.55200, after a confirmed 1H close above $0.54446.
🎯 TP1: $0.56500
🎯 TP2: $0.58500
🎯 TP3: $0.61000
🛑 SL: $0.49500
Buyers are attempting to defend $0.49952, which helps keep the bullish structure alive. But rejection at resistance could bring another pullback.
If $0.54446 isn’t broken, I’m waiting. A move below $0.49500 invalidates this setup.
DYOR. These are conditional levels, not guaranteed outcomes.