$MAGMA Signal】1H pullback long entry, ambush in the 0.218-0.223 range


$MAGMA 1H MACD histogram turns negative, the middle band of the Bollinger Bands repeatedly tests around 0.2236.
Buy order depth is more than 1.25, with dense orders below, but the funding rate of 0.02% is relatively high, short-term bulls are crowded.
If the price retraces to the 0.218-0.223 range, there is technical support.
Currently, the risk-reward ratio is average, waiting for a more favorable and safer entry point.

🎯Direction: Long (pullback order)

⚡Entry/Order: 0.21814 - 0.22364

🛑Stop loss: 0.21639

🚀Target 1: 0.22479

🚀Target 2: 0.22570

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

View real-time market 👇 $MAGMA
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