$MAGMA is now Holding Strong Above Breakout Support
Long $MAGMA
Entry: 0.365 - 0.375
SL: 0.345
TP1: 0.3900
TP2: 0.4000
TP3: 0.4300
TP4: 0.4600
Why:
MAGMA has exploded higher after a strong breakout from the 0.27 accumulation zone and continues to print higher highs and higher lows. Price is trading comfortably above MA7, MA25, and MA99, confirming a strong bullish trend. Despite the sharp rally, buyers have absorbed every pullback and maintained control near the recent high around 0.3800. Volume remains elevated compared to the earlier consolidation phase, showing continued market interest. MACD remains bullish while RSI is holding in strong momentum territory without showing major bearish divergence. As long as price holds above the 0.3550-0.3600 support area, the trend favors continuation toward the psychological 0.40 and 0.50 levels.
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