【$MAGMA Signal】Pullback to buy, 1H level funds clearly intended to support

$MAGMA After a sharp rise on the 1H level, a pullback occurs with strong buying depth, and orders below 0.1402 are dense. The 4-hour MACD histogram is still expanding, indicating bullish momentum has not exhausted. This move looks too fake, more like a deliberate pullback to shake out traders rather than a dump.

🎯Direction: Long

⚡Entry/Orders: Layered placement in the 0.1336 - 0.1357 range

🛑Stop-loss: Below 0.1336

🚀Target 1: 0.1442

🚀Target 2: 0.1484

🛡️Trade Management:
- Execution strategy: Reduce half of the position at Target 1, move the remaining stop-loss up to the entry price. If the price cannot hold above 0.1403, consider taking partial profits early.

Buy orders on the order book far exceed sell orders, with obvious depth imbalance, fully exposing the support intent of funds. The 1-hour RSI has fallen from a high level to a healthy zone, preparing for another upward push. The 4-hour price remains above the middle band of the Bollinger Bands, with the overall structure intact. The current risk-reward ratio is close to 4:1, making it worthwhile to take a smaller risk for potential upside.

Check real-time market 👇 $MAGMA
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