【$MAGMA Signal】Multiple callbacks, waiting for a pullback in the 1H overbought zone

$MAGMA RSI skyrocketed to 77, short-term buying strength approaching the limit, funding rate at 0.0341% not extreme, but 1H MACD histogram starting to shrink, initial selling pressure appearing above. Current price 0.2657 has exited the suggested range, wait for a pullback near 0.2640 to go long, place stop below 0.19094, target partial exits at 0.26554 and 0.26661.
🎯Direction: Long (pullback pending order) ⚡Entry/Order: 0.2640 (near the upper limit of the suggested range) 🛑Stop loss: 0.19094 🚀Target 1: 0.26554 🚀Target 2: 0.26661 🛡️Trade management: - Execution strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back to entry level, exit automatically to protect principal.
Depth logic: Funding rate stable, open interest shows no abnormal movement, but the 4H Bollinger Band upper band has been broken, no follow-through volume from bulls. 1H MACD signal line is flat, momentum clearly waning. Wait for a re-entry within the pullback zone, although risk-reward ratio is poor, the direction is clear.
Check real-time market 👇 $MAGMA
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