$MAGMA Signal: Bullish momentum continues with high funding rates and short squeeze extension


$MAGMA RSI 1H 85.76, trading above the upper Bollinger Band, 4H consecutive three green candles breaking through the 0.35 level. Buying volume surges but sell order depth is -12.89%, short-term profit-taking is dense.

🎯Direction: LONG

⚡Entry/Order: 0.3889 - 0.3900

🛑Stop loss: 0.38616

🚀Target 1: 0.39591

🚀Target 2: 0.39884

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

Bullish momentum remains but RSI is extreme, risk-reward ratio about 1.5, suitable for light positions to chase the momentum. If 1H closes below 0.386, abandon the trade.

Check real-time market 👇 $MAGMA
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