【$MAGIC Signal】Long Position - Negative Funding Rate Squeeze + 1H Pullback Support

$MAGIC Funding rate -0.85%, extremely high cost for short positions. The 4H MACD histogram continues to expand. Price broke above the upper Bollinger Band at 0.0471 and has now pulled back to near the middle band. 1H RSI at 62.8, not above 70, indicating bids absorbing selling pressure and stabilizing. Depth bid/ask ratio 1.04, with dense buy orders below.

🎯Direction: Long

⚡Entry/Limit Order: 0.0471980 - 0.0473400

🛑Stop Loss: 0.0449730

🚀Target 1: 0.0508905

🚀Target 2: 0.0526658

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect principal.

This trade has a risk-reward ratio of 1.5, with a stop loss distance of approximately 4.7%, within an acceptable range. The 1H lower Bollinger Band at 0.0366 serves as a distant reference, but more attention is paid to the support effectiveness at the 4H middle band of 0.0424.

View real-time prices 👇 $MAGIC
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