🚀 $MAGMA — Buyers aren’t backing off.
After a push of more than 50%, MAGMA continues to defend the $0.525–$0.545 zone. The question now is whether this is just a pause before another leg higher.
Entry: $0.525 – $0.545
TP1: $0.560
TP2: $0.590
TP3: $0.625
SL: $0.480
The first signal I want to see is a clear reclaim of $0.560. If buyers manage to turn that level into support, the next targets come into play.
That said: after such a strong move, I wouldn’t chase the price or overextend with leverage. A good setup is useless if you risk too much.
Long $MAGMA 👇
After a push of more than 50%, MAGMA continues to defend the $0.525–$0.545 zone. The question now is whether this is just a pause before another leg higher.
Entry: $0.525 – $0.545
TP1: $0.560
TP2: $0.590
TP3: $0.625
SL: $0.480
The first signal I want to see is a clear reclaim of $0.560. If buyers manage to turn that level into support, the next targets come into play.
That said: after such a strong move, I wouldn’t chase the price or overextend with leverage. A good setup is useless if you risk too much.
Long $MAGMA 👇
