【$MAGMA Signal】Long - 1H pullback confirmation, main force clearly protecting the market

$MAGMA The 1H timeframe experienced a volume surge yesterday and is now in a healthy pullback and consolidation phase. The price is supported above the 1H EMA20 (0.1048), and the 4H level has stabilized above EMA50 (0.1025), indicating the trend structure remains intact. The key point is that: open interest (OI) remains stable during the price correction and has not decreased significantly, suggesting that the bullish main force has not exited but is actively defending the market and accumulating positions. The order book depth (0.57% imbalance) shows strong support below.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1050 - 0.1055 (Reason: 1H EMA20 support zone, upper boundary of the previous dense trading area )

🛑Stop Loss: 0.1023 (Reason: Break below 4H EMA50 and the previous 4H candle low )

🚀Target 1: 0.1110 (Reason: Previous high resistance level, also the high point after yesterday’s surge )

🚀Target 2: 0.1160 (Reason: Daily chart previous high zone, ATR 1:1.5 extension level )

🛡️Trading Management:

- Position suggestion: Light position (Reason: Hot Coin experiences high volatility, risk per trade should be controlled )

- Execution strategy: After reaching 0.1110, reduce position by 50% and lock in partial profits. Move the stop loss of the remaining position to the entry price (break-even). If the price cannot effectively break through 0.1110 and falls back, exit all positions.

Depth logic: The price has increased over 12% in the past 24 hours, but the funding rate is only 0.0168%, indicating low greed and minimal liquidation risk. The 1H RSI (54.4) is in a healthy zone with potential for further upward movement. Market logic suggests that rising prices accompanied by stable positions indicate main force entry rather than purely short-term short covering. Currently, the price on the 1H level has formed a small flag pattern, with a breakout imminent.

Trade here 👇 $MAGMA

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