🔥$MAGMA PERP breaking out of a clean range
Support at 0.13 held strong → bulls stepped in🚀
Above 0.15 = bullish continuation 📈⚡🔥
Price respected the range lows around 0.13 multiple times and finally gave a clean bullish push 🚀
This is a textbook range → breakout → continuation structure.
📌 Key Levels
Support: 0.130 – 0.135
Range High / Resistance: 0.150 – 0.155
Current Break: 0.16+
📈 Bias
As long as price holds above 0.15, bullish continuation is favored
Possible pullback retest to 0.15 = healthy continuation entry
Momentum candles + volume confirm strength
🎯 Targets
Short-term: 0.17 – 0.18
Extension: 0.20+ if momentum sustains
⚠️ Invalidation
Clean breakdown back inside the range below 0.145
🧠 Lesson
➡️ Patience in ranges pays
➡️ Trade the breakout, not the noise
$MAGMA
#magma