$MAGMA $MAGMA looks ready for a technical rebound. After a heavy correction, leverage has been flushed, Open Interest continues to decline, and the Long/Short ratio is gradually shifting in favor of buyers. Momentum is improving while price holds the key $0.50 support.
📍Entry: 0.500–0.515
🎯TP1: 0.535
🎯TP2: 0.560
🎯TP3: 0.610
🛑SL: 0.478
A clean break above 0.56 could trigger the next bullish leg. Risk remains high, but the current risk/reward looks attractive if support continues to hold.
Trade here 👇🏽👇🏽👇🏽
📍Entry: 0.500–0.515
🎯TP1: 0.535
🎯TP2: 0.560
🎯TP3: 0.610
🛑SL: 0.478
A clean break above 0.56 could trigger the next bullish leg. Risk remains high, but the current risk/reward looks attractive if support continues to hold.
Trade here 👇🏽👇🏽👇🏽