MAGMA's recent trend has presented many opportunities. In the past two days, the 4-hour K-line has already stabilized above the 5-day and 10-day moving averages, indicating that short-term selling pressure is weakening. From a technical perspective, the RSI(14) is currently at 58, leaving room for further upward movement. More interestingly, the MACD has already formed a golden cross, and the trading volume has increased by about 30% compared to the previous day, which usually signifies genuine participation from bulls.
Fundamentally, the capital flow is also supporting this trend—24-hour net inflow has reached approximately $8 million. The community discussion heat has increased by 45% week-over-week, and many are starting to turn bullish on this direction.
If you want to participate in this wave, consider looking for entry opportunities between 0.158 and 0.165. The first target can be set at 0.175, and if the momentum is strong enough, continuing toward 0.183 is also possible. Of course, set a proper stop-loss—support at 0.148 must be maintained, and once the 4-hour moving averages are broken, a decisive stop-loss should be executed.
The bullish energy at this stage is still accumulating, so short-term attention should be paid to it.
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MidnightGenesis
· 01-09 19:14
On-chain data shows a net inflow of $8 million, but I am more concerned about whether big players are quietly accumulating behind this number. The MACD golden cross combined with increasing trading volume looks very promising, but based on past experience, such times are often the final sprint for accumulation, so we need to be more cautious.
The timing of the contract deployment is a bit coincidental and worth noting.
The RSI at 58 still has room to grow, but the 45% community enthusiasm increase... I think it's a bit overdone. Usually, the higher the enthusiasm, the greater the risk.
I agree with the 0.148 stop-loss line; once the 4-hour moving average is broken, exit decisively—this is non-negotiable. However, the entry point might need further observation, no rush.
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ETHReserveBank
· 01-09 08:04
$8 million net inflow, this definitely indicates something. The MACD golden cross combined with increased volume suggests the bulls are gathering strength.
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SmartContractPhobia
· 01-08 08:57
Golden cross + increased volume, I've seen this combination several times, but only a few actually break out. It still depends on whether the funds are willing to buy in.
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TokenVelocity
· 01-08 08:53
Golden cross combined with volume and price movement, this rhythm feels right, now just see if it can break 0.175.
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BlockchainArchaeologist
· 01-08 08:43
Golden cross combined with increased volume, this move is indeed interesting. I have been lurking at 0.16 for a while.
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Fren_Not_Food
· 01-08 08:33
Golden cross + increased volume, this combination is indeed interesting, but it feels like this move isn't that simple.
MAGMA's recent trend has presented many opportunities. In the past two days, the 4-hour K-line has already stabilized above the 5-day and 10-day moving averages, indicating that short-term selling pressure is weakening. From a technical perspective, the RSI(14) is currently at 58, leaving room for further upward movement. More interestingly, the MACD has already formed a golden cross, and the trading volume has increased by about 30% compared to the previous day, which usually signifies genuine participation from bulls.
Fundamentally, the capital flow is also supporting this trend—24-hour net inflow has reached approximately $8 million. The community discussion heat has increased by 45% week-over-week, and many are starting to turn bullish on this direction.
If you want to participate in this wave, consider looking for entry opportunities between 0.158 and 0.165. The first target can be set at 0.175, and if the momentum is strong enough, continuing toward 0.183 is also possible. Of course, set a proper stop-loss—support at 0.148 must be maintained, and once the 4-hour moving averages are broken, a decisive stop-loss should be executed.
The bullish energy at this stage is still accumulating, so short-term attention should be paid to it.