BOS held, now the FVG retest.
🟢 $MAGMA - LONG
Trade Plan:
Current Price: ~0.39503
Entry Zone: 0.3850 – 0.4050
SL: 0.3680
TP1: 0.4200
TP2: 0.4450
TP3: 0.4800
MAGMA confirmed a 4H Break of Structure (BOS) after closing above the $0.3900–$0.3950 shelf, and the current pullback into $0.3850–$0.4050 is the first valid retest rather than a fakeout. The Fair Value Gap (FVG) between $0.3780–$0.3880 remains unfilled and acts as a liquidity magnet and structural support if price sweeps deeper into the entry zone. The 4H EMA20 ($0.3905) has crossed above the EMA50 ($0.3830), forming its first golden cross in weeks, while the EMA200 ($0.3720) sits just below the SL and coincides with the most recent higher low. Volume Profile shows the heaviest traded node at $0.3850–$0.4000, meaning the retest is landing on real absorption rather than air, and CVD is sloping upward as spot aggression builds. Funding is neutral at +0.0070% and open interest rose 11% during the breakout leg without a matching price flush — a genuine bullish commitment signature. A 4H close below $0.3680 (below the higher low and EMA200) invalidates the BOS thesis.
Are you buying the $0.3850–$0.4050 FVG retest or waiting for $0.4200 confirmation?
Click below for trade 👇
DYOR & manage risk!
$MAGMA
🟢 $MAGMA - LONG
Trade Plan:
Current Price: ~0.39503
Entry Zone: 0.3850 – 0.4050
SL: 0.3680
TP1: 0.4200
TP2: 0.4450
TP3: 0.4800
MAGMA confirmed a 4H Break of Structure (BOS) after closing above the $0.3900–$0.3950 shelf, and the current pullback into $0.3850–$0.4050 is the first valid retest rather than a fakeout. The Fair Value Gap (FVG) between $0.3780–$0.3880 remains unfilled and acts as a liquidity magnet and structural support if price sweeps deeper into the entry zone. The 4H EMA20 ($0.3905) has crossed above the EMA50 ($0.3830), forming its first golden cross in weeks, while the EMA200 ($0.3720) sits just below the SL and coincides with the most recent higher low. Volume Profile shows the heaviest traded node at $0.3850–$0.4000, meaning the retest is landing on real absorption rather than air, and CVD is sloping upward as spot aggression builds. Funding is neutral at +0.0070% and open interest rose 11% during the breakout leg without a matching price flush — a genuine bullish commitment signature. A 4H close below $0.3680 (below the higher low and EMA200) invalidates the BOS thesis.
Are you buying the $0.3850–$0.4050 FVG retest or waiting for $0.4200 confirmation?
Click below for trade 👇
DYOR & manage risk!
$MAGMA
