$MAGMA
🔥 $MAGMA/USDT Technical Update: Breakout & Extended Targets 🔥
$MAGMA is exhibiting strong bullish momentum after a solid bounce off key moving averages on the 1H/4H timeframes.
📊 Primary Trade Setup (Retracement Entry)
Entry Zone: $0.3150 – $0.3220 (Wait for pullback)
Stop Loss: $0.2950 (Below 4H MA99 support)
TP1: $0.3550
TP2: $0.3800
TP3: $0.4080
🚀 Extended Targets (If $0.4080 TP3 Breaks with Volume)
If the price breaks and closes a 4H candle above $0.4080
ETP1: $0.4315
ETP2: $0.5090
ETP3: $0.5689 (Major Swing High Peak)
⚠️ Trading Strategy & Risk Management
Confirmation: Wait for a clear 4H candle close above $0.4080 before entering continuation trades.
Protect Profits: Trail your Stop Loss to $0.3800 once ETP1 is hit.
Leverage: Keep it conservative (5x–10x max) due to high 4H RSI levels.
#MAGMAUSDT #altcoins
🔥 $MAGMA/USDT Technical Update: Breakout & Extended Targets 🔥
$MAGMA is exhibiting strong bullish momentum after a solid bounce off key moving averages on the 1H/4H timeframes.
📊 Primary Trade Setup (Retracement Entry)
Entry Zone: $0.3150 – $0.3220 (Wait for pullback)
Stop Loss: $0.2950 (Below 4H MA99 support)
TP1: $0.3550
TP2: $0.3800
TP3: $0.4080
🚀 Extended Targets (If $0.4080 TP3 Breaks with Volume)
If the price breaks and closes a 4H candle above $0.4080
ETP1: $0.4315
ETP2: $0.5090
ETP3: $0.5689 (Major Swing High Peak)
⚠️ Trading Strategy & Risk Management
Confirmation: Wait for a clear 4H candle close above $0.4080 before entering continuation trades.
Protect Profits: Trail your Stop Loss to $0.3800 once ETP1 is hit.
Leverage: Keep it conservative (5x–10x max) due to high 4H RSI levels.
#MAGMAUSDT #altcoins
