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【$MAGMA Signal】Long + 1H Bollinger Lower Band Buy
$MAGMA Deep sell wall -78%, 4H Bollinger Lower Band 0.4342 has been broken? Wrong, current price 0.4998 still above the middle Bollinger band, 1H RSI 64 not overbought, MACD histogram shrinking but the fast and slow lines are still bullish. Heavy buying around 0.49, selling pressure is quickly absorbed.
🎯Direction: long
⚡Entry/Order: 0.4985 - 0.49985
🛑Stop loss: 0.49485
🚀Target 1: 0.50735
🚀Target 2: 0.51110
🛡️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 to the entry level, automatically exit to protect capital.
1H MACD remains bullish above zero line, 4H uptrend remains intact. Short-term pullback with favorable risk-reward ratio, follow the main force for low buy-in.
Check real-time market 👇 $MAGMA
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