🔥 Spotting a strong continuation structure on MAGMA—here is my setup for this leg up.
$MAGMA /USDT LONG SETUP
Entry Zone: $0.4150 – $0.4220
T1: $0.4380
T2: $0.4550
T3: $0.4750
Stop Loss: $0.3980
Chart Read:
Price printed a solid higher low off the $0.3708 base and pushed an impulsive breakout candle on strong volume. Lower-timeframe retests are forming clean support above prior resistance.
Key Watch:
Watch for sustained volume holding above the $0.4150 retest zone to confirm further upward momentum.
This chart analysis for educational purposes only. Not financial advice.
$MAGMA /USDT LONG SETUP
Entry Zone: $0.4150 – $0.4220
T1: $0.4380
T2: $0.4550
T3: $0.4750
Stop Loss: $0.3980
Chart Read:
Price printed a solid higher low off the $0.3708 base and pushed an impulsive breakout candle on strong volume. Lower-timeframe retests are forming clean support above prior resistance.
Key Watch:
Watch for sustained volume holding above the $0.4150 retest zone to confirm further upward momentum.
This chart analysis for educational purposes only. Not financial advice.