🚀 $MAGMA Shakeout Is Over Ready for the Next Leg Up?
$MAGMA is showing strength right now. The chart printed a sharp wick that may have flushed out overleveraged longs, followed by a strong price recovery.
This could be a sign that buyers are still active in the market.
If $MAGMA breaks above the $0.58 resistance, we could see another move toward $1.00 or higher
Long Trade Setup:
EP: $0.47 – $0.50
SL: $0.40
TP1: $0.58
Next Target: $1.00+
$MAGMA is showing strength right now. The chart printed a sharp wick that may have flushed out overleveraged longs, followed by a strong price recovery.
This could be a sign that buyers are still active in the market.
If $MAGMA breaks above the $0.58 resistance, we could see another move toward $1.00 or higher
Long Trade Setup:
EP: $0.47 – $0.50
SL: $0.40
TP1: $0.58
Next Target: $1.00+