【$MAGMA Signal】Multiple callbacks reveal the intention to support the price

$MAGMA After the MACD golden cross at the 4H level, the first pullback shows buying depth is 3.4 times that of selling, fully exposing the support intention. The 1H RSI has fallen from a high of 82 to 68, quickly digesting selling pressure, and the price has formed a double bottom at around 0.214 on the hourly level. Open interest remains stable, with no signs of panic selling.

🎯Direction: Long

⚡Entry: Enter immediately at the current price of 0.2236, or place a pending order around 0.2015.

🛑Stop loss: 0.1689

🚀Target 1: 0.3318

🚀Target 2: 0.3970

🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position to protect capital. If the price falls back to the entry level, automatically exit.

Sell orders above 0.2241 are sparse, with minimal resistance breakout. The middle band of the 1H Bollinger Bands at 0.1983 provides strong support, highly overlapping with the suggested entry zone lower boundary at 0.1964. The current risk-reward ratio exceeds 4, a rare odds in a hot coin correction, worth using a smaller position to chase the trend continuation.

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