🚀 MAGMA RECOVERY: Strong Reversal Over the 4H Floor! 🚀
$MAGMA is igniting massive bullish momentum! Pumping an impressive +9.11% today, the buyers have aggressively swung the price back above the 0.31418 MA60 dynamic line on the 4H chart. It is currently pushing higher at 0.31706.
⚙️ 4H TRADE PLAN:
🚀 Direction: LONG
🚀 Entry: 0.31418 – 0.31750
🛑 Stop Loss: 0.31100
🎯 TP1: 0.32300
🎯 TP2: 0.32800 (Previous Chart Peak)
🟢 Floor: 0.31418 (MA60 Support)
💡 Market View: MAGMA has successfully carved out a sharp V-shaped bottom, capturing a strong upward trajectory directly off its local support. With the structure firmly anchored over the 4H MA60 launchpad, momentum heavily favors a continuation rally back toward the recent local peaks.
👇 Will MAGMA clear its previous chart peak next or find rejection? Drop your thoughts below! 👇
👉 Click here for trade:
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