MAGMA is holding just above the 0.618 retracement, trading around 0.0455 with bullish pressure building. The price is testing a prior order block that aligns with the current structure.
đą $MAGMA LONG đ â Trade Plan
âą Entry: $0.251898 â $0.252402
âą Stop: $0.244585 (-3.0%)
âą Target 1: $0.255932 (+1.5%)
âą Target 2: $0.264757 (+5.0%)
âą R/R 1:1.7 | Confidence 64%
A change of character broke the descending swing, confirmed by a CVD surge that pushed volume north. The breakout lands inside a fair value gap overlapping an order block, creating a point of interest confluence. Higher lows are now forming, pointing to a long bias.
A 3.0% stop is relatively tight, so 5xâ10x leverage keeps the equity drawdown around 0.5â1%.
Take partial profit at the first target near 0.0520 to lock in the 1:1.7 riskâreward.
Not financial advice â always manage your own risk đ
$MAGMA #MAGMAUSDT #BitcoinFiveWeeklyLosses #TradingSignals #Write2Earn
đą $MAGMA LONG đ â Trade Plan
âą Entry: $0.251898 â $0.252402
âą Stop: $0.244585 (-3.0%)
âą Target 1: $0.255932 (+1.5%)
âą Target 2: $0.264757 (+5.0%)
âą R/R 1:1.7 | Confidence 64%
A change of character broke the descending swing, confirmed by a CVD surge that pushed volume north. The breakout lands inside a fair value gap overlapping an order block, creating a point of interest confluence. Higher lows are now forming, pointing to a long bias.
A 3.0% stop is relatively tight, so 5xâ10x leverage keeps the equity drawdown around 0.5â1%.
Take partial profit at the first target near 0.0520 to lock in the 1:1.7 riskâreward.
Not financial advice â always manage your own risk đ
$MAGMA #MAGMAUSDT #BitcoinFiveWeeklyLosses #TradingSignals #Write2Earn