$MAGMA From this position, I will continue to look for longs. Many people may chase shorts when the market drops, but I’m more inclined to find a clear defensive entry here and go long. Right now, the 4-hour long structure is still intact. The daily chart, while ranging, shows a clear support reaction in the 0.30794 to 0.30914 range. I checked the 15-minute RSI—it’s around 45, with momentum in a neutral zone, suggesting there may still be room for further upside push. Also, the 15-minute volume/flow data indicates real buying participation.



I’ve already entered the trade. Everyone can watch these upside target zones: 0.31286 to 0.32006. However, contract volatility is high—remember to place the stop-loss below 0.30278, don’t go too all-in, and make sure to control risk.
MAGMA-2.22%
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