$MAGMA is trying to recover after that sharp sell-off.
The move from 0.2636 down to 0.2352 was pretty aggressive, but buyers have started building back from the lows. Price is now around 0.2408, so I’d be watching the small recovery rather than chasing it.
Entry: 0.2390 – 0.2410
TP: 0.2460 / 0.2525 / 0.2580
SL: 0.2350
If 0.239 holds, I’d look for a retest of 0.246 first. Above that, the recovery gets more interesting. Lose 0.235 and I’d step aside.
NFA. Manage risk.
Trade Here On $MAGMA 👇
The move from 0.2636 down to 0.2352 was pretty aggressive, but buyers have started building back from the lows. Price is now around 0.2408, so I’d be watching the small recovery rather than chasing it.
Entry: 0.2390 – 0.2410
TP: 0.2460 / 0.2525 / 0.2580
SL: 0.2350
If 0.239 holds, I’d look for a retest of 0.246 first. Above that, the recovery gets more interesting. Lose 0.235 and I’d step aside.
NFA. Manage risk.
Trade Here On $MAGMA 👇
