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$MAGMA (1h) - Range Rebound
Bias: Long
Entry (Zone): 0.4210 - 0.4235
Targets:
TP1: 0.4315
TP2: 0.4395
TP3: 0.4475
Stop Loss: 0.4095
Why this Setup:
I’m treating this as a range rebound off the 0.42 pivot after the recent pullback and consolidation. Price is holding near the intraday base, and I want confirmation of strength back through the mid-range before I look for a move into the prior swing highs.