magma2upgrade

With the Magma 2.0 upgrade on the horizon, $MAGMA perpetuals are seeing renewed attention. Charts show a sharp bounce from the ~0.244 low with price now consolidating near 0.30, testing the EMA50 on 1H. Funding sits at 0.0123%, suggesting mild long bias without overheating.

Educational setup only — not financial advice, DYOR, past performance ≠ future results, leveraged trading carries liquidation risk:

Entry: 0.298–0.302 (reclaim of local support)
TP1: 0.335 (recent resistance cluster)
TP2: 0.360 (prior swing high)
SL: 0.284 (below EMA200 / structure low)
Leverage: 3–5x max. Tight risk control is non-negotiable here.

What level are you watching for $MAGMA to confirm continuation versus a deeper pullback?

#MAGMAFutures #Magma2Upgrade #SuiDeFi