🔥 $MAGMA
Bulls Are Taking Charge!
$MAGMA is showing incredible resilience, holding firmly above a key intraday demand zone. After absorbing significant selling pressure, the price action on lower timeframes confirms that the bulls are back in the driver's seat.
The recent dip appears to be a healthy correction rather than a trend reversal. We’ve established a clean base near 0.1312 followed by a series of higher lows—a classic signal for upside continuation. As long as this support holds, the path of least resistance is up.
📈 The Trade Setup:
Entry Range: 0.1390 – 0.1435
Stop Loss (SL): 0.1368 🛡️
Risk/Reward: Highly favorable for a push toward new weekly highs.
🎯 Take-Profit (TP) Targets:
🚀 Target 1: 0.1475
🚀 Target 2: 0.1566
🚀 Target 3: 0.1658
💡 Why $MAGMA?
With the Sui Ecosystem gaining massive traction in early 2026, $MAGMA’s AI-driven liquidity protocol is becoming the backbone for MOVE-based DeFi. The consolidation we’ve seen is likely the "spring" before the next leg up.
Trader’s Note: Move your SL to break-even once Target 1 is hit to secure a risk-free trade!
✍️ Written by: Nabiha Noor
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