$MAGMA – Testing support, accumulation phase before the next leg up
Trading Plan: Long $MAGMA
Entry: 0.188 – 0.195
SL: 0.170
TP1: 0.215
TP2: 0.235
TP3: 0.260
After a strong impulsive move, the price is currently consolidating above a key psychological support. The RSI (6) is hovering around 54, suggesting there is still plenty of room for upward momentum without being overbought. Looking at the depth chart, bid orders are stacking up, indicating strong buyer interest at these levels. If the price maintains this structure, we can expect a breakout toward the recent highs.
Trade $MAGMA here 👇
