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【$MAGMA Signal】Pullback to buy, main force's bottom support is obvious
$MAGMA 1H level shows a volume decrease during the pullback to EMA20, with strong support above 0.1330. After a golden cross on the 4-hour MACD, volume continues to increase, Bollinger Bands are opening upward, and the price remains above the middle band. The order book shows buy orders accumulating near 0.1396 with nearly 10,000 USDT, while sell orders are relatively sparse, fully exposing the capital's intention to support the price.
🎯Direction: Long
⚡Entry/Order: Buy in batches within the 0.1330 - 0.1346 range
🛑Stop Loss: Below 0.1330
🚀Target 1: 0.1411
🚀Target 2: 0.1444
🛡️Trade Management:
- Execution Strategy: Half position at Target 1, move the remaining stop loss to the entry price. Close all positions near Target 2.
Position remains stable, with no panic selling during the pullback. The 1-hour RSI has fallen from 62 to a healthy zone, preparing for another upward move. Buy order depth is 1.7 times that of sell orders, indicating a typical pre-market signal of strong support from major players. The risk-reward ratio exceeds 4, making this trade highly attractive.
View real-time market 👇 $MAGMA
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