【$MAGMA Signal】Pullback to go long, 1H level funds clearly support

$MAGMA After the 1H EMA20 and EMA50 golden cross, the price sharply fell from a high of 0.274 to around 0.221, but the 4H MACD fast and slow lines remain above zero, and the bullish structure is not fully broken. The order book shows very thick buy orders in the 0.2210-0.2211 range, exceeding 20 million units, fully exposing the capital support intention. The 1-hour RSI quickly recovers from overbought to 52, providing room for another upward push.

🎯Direction: Long

⚡Entry: Enter at the current price of 0.2212, or place a deep pullback order at 0.1718.

🛑Stop loss: 0.1410

🚀Target 1: 0.2336

🚀Target 2: 0.2644

🛡️Trade management: - Execute strategy: After the price reaches 0.2336, halve the position, and move the remaining stop loss up to the entry price. If it directly surges to 0.2644, exit all.

This rapid decline was accompanied by stable open interest, not large-scale capital outflow. The 1H Bollinger Band lower band is at 0.2030, and the current price has entered the support zone. Combined with buy depth and the 4H upward trend, the risk-reward ratio exceeds 1:1, making it worthwhile to use a smaller position to gamble on a rebound. The key is whether the 0.221 level can be quickly reclaimed, as the buy volume provides a short-term safety cushion.

Check real-time market 👇 $MAGMA
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