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

$MAGMA 1H level sideways trading, RSI dropped from 84.83 high to 73.83, buy orders show a gap but have not collapsed. 4H level price has broken out of the upper Bollinger Band, MACD histogram is still expanding, bullish momentum remains. Market depth shows very thick orders below 0.1423, indicating strong support from funds.

🎯Direction: Long

⚡Entry/Order: Buy in batches on pullback around 0.1205 - 0.1236

🛑Stop Loss: 0.1142

🚀Target 1: 0.1611

🚀Target 2: 0.1799

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

4-hour open interest remains above 26 million, indicating funds have not exited. 1-hour EMA20 at 0.1242 forms a dynamic support, closely aligned with the suggested entry zone. Current risk-reward ratio is nearly 4:1, sufficient to cover Hot Coin’s volatility risk. The previous high at 0.1497 is the first testing target; breaking through opens up more space.

View real-time market 👇 $MAGMA
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