$MAGMA is moving steadily rather than explosively. That's potentially healthier, but confirmation is still needed.
Long setup: 0.270–0.276
SL: 0.258
TP: 0.295 / 0.315 / 0.340
Short setup: Below 0.265 with a failed recovery.
TP: 0.250 / 0.235
Short-term: Bullish above 0.27.
Long-term: A sustained move through 0.315 would improve the structure considerably.
Pro tip: I'd prefer MAGMA on a controlled retest rather than buying the current green candle.
Long setup: 0.270–0.276
SL: 0.258
TP: 0.295 / 0.315 / 0.340
Short setup: Below 0.265 with a failed recovery.
TP: 0.250 / 0.235
Short-term: Bullish above 0.27.
Long-term: A sustained move through 0.315 would improve the structure considerably.
Pro tip: I'd prefer MAGMA on a controlled retest rather than buying the current green candle.