🔥 $MAGMA
Strong Rebound from Demand – Bulls Taking Control! 🚀
$MAGMA is showing impressive strength, holding its ground firmly above the base after a sharp bounce from the demand zone. The technical structure suggests that the bottom is in, and we are now looking at a high-probability continuation play.
🔍 Market Analysis
Demand Zone Respect: The price successfully tested major support and saw an immediate influx of buying volume, confirming strong interest at these levels.
Base Consolidation: After the rebound, $MAGMA is now consolidating just above the base, building the necessary energy for a breakout toward higher resistance.
Bullish Outlook: As long as we hold the current base, the path of least resistance is upward.
⚡ The Trade Setup
🎯 Entry Zone: 0.1040 – 0.1090 (Perfect for accumulating)
🚀 Target 1: 0.1180
🚀 Target 2: 0.1280
🚀 Target 3: 0.1420
🛑 Stop Loss: 0.0975 (Safety first!)
Pro Tip: Watch for a volume spike on the break of 0.1120 for additional confirmation. Keep your risk managed and ride the momentum!
✍️ Written by: Nabiha Noor
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