【$MAGMA Signal】Pullback to go long, capital support clearly intended

$MAGMA 1H timeframe high-level consolidation, RSI dropped from 81.67 at high to 70.43, selling pressure quickly absorbed after break in buying volume. 4H MACD histogram contracted, but fast and slow lines remain above zero, bullish trend unchanged. Market depth shows very thick orders in the 0.2220-0.2221 range, fully exposing the capital support intention.

🎯Direction: Pullback to go long

⚡Entry/Order: Layered entries in the 0.1926 - 0.1976 range

🛑Stop loss: 0.1647

🚀Target 1: 0.3292

🚀Target 2: 0.3950

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.

The 4H Bollinger upper band at 0.2281 has been pierced, and the pullback to test the upper band confirms strong support. Position size remains stable at a high of 39.5 million USD, funding rate at 0.0911% is somewhat high but not at dangerous threshold, short squeeze risk is controllable. The 1H EMA20 at 0.1986 forms dynamic support, highly coinciding with the suggested entry zone. This active pullback after volume-price divergence is often a prelude to a second jump for strong coins.

Check real-time market 👇 $MAGMA
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