⚠️ $MAGMA just dropped 4.9% on an insane 11.3x volume spike.
I’m cautious bullish here.
The 1H structure is still bullish, and the sharp flush into the $0.22022–$0.22251 liquidity zone looks more like panic selling / a stop hunt than clean distribution.
📍 Key zone: $0.22022–$0.22251
🎯 TP1: $0.24750
🎯 TP2: $0.26985
🛑 Invalidation: 1H close below $0.22022
I’d want to see a sweep + strong rejection or a 5m/15m bullish structure shift before entering.
If confirmed, the first move could be back toward $0.24750, followed by $0.26985.
But if $0.22022 decisively breaks, the setup flips bearish and $0.18770 becomes the next major downside target.
For now, I wouldn’t chase the short after the flush. Let $MAGMA show its hand first. 📊
I’m cautious bullish here.
The 1H structure is still bullish, and the sharp flush into the $0.22022–$0.22251 liquidity zone looks more like panic selling / a stop hunt than clean distribution.
📍 Key zone: $0.22022–$0.22251
🎯 TP1: $0.24750
🎯 TP2: $0.26985
🛑 Invalidation: 1H close below $0.22022
I’d want to see a sweep + strong rejection or a 5m/15m bullish structure shift before entering.
If confirmed, the first move could be back toward $0.24750, followed by $0.26985.
But if $0.22022 decisively breaks, the setup flips bearish and $0.18770 becomes the next major downside target.
For now, I wouldn’t chase the short after the flush. Let $MAGMA show its hand first. 📊
