This one is starting to stabilize after the shakeout, so here’s how I’m reading it 👇

After a sharp sell-off from the highs, $MAGMA found strong demand near the lower zone and reacted cleanly. Price didn’t continue bleeding — instead, it’s forming a base and pushing back up, which often signals a bullish continuation attempt rather than further distribution. As long as price holds above the recent low, buyers still have room to push this higher.

Long Trade Setup

Entry: 0.132 – 0.138

Take Profit: 0.155 / 0.175

Stop Loss: 0.120

Structure is improving — now let price confirm continuation step by step.