$MAGMA Signal】1H volume breakout; the bulls’ short squeeze continues


RSI on 1H surged to 87.3. Price has broken above the upper band of the 1H Bollinger Bands, and the buying order book shows a clear gap. The 4H MACD shows double-cycle synchronization and expansion. The funding rate is 0.02%, not overheated; OI remains stable. Short-term momentum still has momentum.
🎯Direction: long
⚡Entry/Place order: 0.3997 - 0.4009
🛑Stop loss: 0.3969
🚀Target 1: 0.4069
🚀Target 2: 0.4099
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce the position by 50% and move the stop loss up to the break-even level. If price drops back to the entry area, automatically exit to protect principal.
With a current depth ratio of 1.24 indicating strong willingness to take the buy, but the high 1H RSI still warrants caution for short-term profit-taking. The risk-reward ratio of 1.5 is acceptable; take a light position to snipe the next bullish push. View real-time market 👇 $MAGMA
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MAGMA15.27%
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