$MAGMA MAGMA shows a strong upward rally with volume expansion on the 1H chart, accumulating more than +31% in appreciation and testing the recent top area at 0.2630.
After rejection at the high, the price undergoes a technical correction and consolidates near the 0.2300 support, indicating potential for a rebound and buying continuation if it maintains support above this pullback range.
Entry (Pullback / Support): 0.2240 – 0.2310
Profit Target 1: 0.2480
Profit Target 2: 0.2630
Profit Target 3: 0.2850
Loss Limit: 0.2110
Keep risk management aligned and control leverage given the asset’s high volatility.
After rejection at the high, the price undergoes a technical correction and consolidates near the 0.2300 support, indicating potential for a rebound and buying continuation if it maintains support above this pullback range.
Entry (Pullback / Support): 0.2240 – 0.2310
Profit Target 1: 0.2480
Profit Target 2: 0.2630
Profit Target 3: 0.2850
Loss Limit: 0.2110
Keep risk management aligned and control leverage given the asset’s high volatility.