$MAGMA is consolidating around the 0.52 level following a strong impulsive move from the 0.35 region.
The asset is currently pulling back from the 0.55200 highs, testing buyer interest just above the 0.5000 psychological support. Holding this zone is critical for maintaining the bullish structure; a bounce here targets a retest of the recent highs, while a breakdown opens up the 0.4500 area.
Entry: $0.51500 ā $0.52000
TP1: $0.55200
TP2: $0.60000
TP3: $0.65000
TP4: $0.70000
Stop Loss: $0.49000
Keep risk defined and avoid chasing the move until support holds.
The asset is currently pulling back from the 0.55200 highs, testing buyer interest just above the 0.5000 psychological support. Holding this zone is critical for maintaining the bullish structure; a bounce here targets a retest of the recent highs, while a breakdown opens up the 0.4500 area.
Entry: $0.51500 ā $0.52000
TP1: $0.55200
TP2: $0.60000
TP3: $0.65000
TP4: $0.70000
Stop Loss: $0.49000
Keep risk defined and avoid chasing the move until support holds.
