$MAGMA is +27% today and just printed a textbook shakeout. Here's the setup 👇
Following the 48% rally from 0.24256 to 0.358 in 2 days, price pulled back into key liquidity.
0.33557 got swept and MAGMA is just sitting there. Sellers had their chance and nothing happened.
0.358 is still sitting there waiting. If 0.33557 keeps holding, I expect a move back up to it.
📌 My
$MAGMA trade: long from 0.33038, stop at 0.31657, target 0.358 (+8.4%, 1:2)
📊 24h Vol: $42.0M | 24h Chg: +26.8% | Funding: +0.0299%
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#MAGMA #Crypto #Trade