$MAGMA
Chasing vertical green candles is usually a fast track to getting wrecked.
Waiting for a brief pause near local demand gives us much better control over risk.
EP
0.34000 - 0.35127
TP
0.36854
0.38500
0.41000
SL
0.29700
The aggressive expansion pushed price to a local peak at 0.36854 before settling into consolidation around current levels. The Supertrend line trailing down at 0.29742 acts as our dynamic structural floor, so as long as buyers defend this brief breather on the 1h timeframe, a retest of the highs remains favored.
Let's go $MAGMA
#MAGMAUSD
Chasing vertical green candles is usually a fast track to getting wrecked.
Waiting for a brief pause near local demand gives us much better control over risk.
EP
0.34000 - 0.35127
TP
0.36854
0.38500
0.41000
SL
0.29700
The aggressive expansion pushed price to a local peak at 0.36854 before settling into consolidation around current levels. The Supertrend line trailing down at 0.29742 acts as our dynamic structural floor, so as long as buyers defend this brief breather on the 1h timeframe, a retest of the highs remains favored.
Let's go $MAGMA
#MAGMAUSD