$MAGMA long — Holding MA(25) support after a volatile pump 🚀
MAGMA experienced massive volatility, pumping to $0.316 before a sharp retracement. The price is currently holding perfectly at the 1H MA(25) support level ($0.272). A clean 1H close above the $0.276 local resistance will confirm the bounce and open the path toward the moving averages above.
Entry: 1H close above $0.276
SL: Below $0.253 (24h Low)
Target 1: $0.281 (MA 7 resistance)
Target 2: $0.300
If $0.253 breaks down, the setup is invalid — cut your losses.
$MAGMA
DYOR. NFA. High volatility, manage risk strictly.
#MAGMA #TradeIdea #IMPACTbyTrade
MAGMA experienced massive volatility, pumping to $0.316 before a sharp retracement. The price is currently holding perfectly at the 1H MA(25) support level ($0.272). A clean 1H close above the $0.276 local resistance will confirm the bounce and open the path toward the moving averages above.
Entry: 1H close above $0.276
SL: Below $0.253 (24h Low)
Target 1: $0.281 (MA 7 resistance)
Target 2: $0.300
If $0.253 breaks down, the setup is invalid — cut your losses.
$MAGMA
DYOR. NFA. High volatility, manage risk strictly.
#MAGMA #TradeIdea #IMPACTbyTrade