【$MAGMA Signal】Long | Healthy Pullback After Volume Breakout

$MAGMA On the 4H timeframe, after a volume breakout above the previous high of 0.099, the price is currently consolidating above the breakout zone. The price action indicates healthy profit-taking and absorption of buy orders, rather than top-selling pressure.

🎯 Direction: Long

🎯 Entry: 0.0995 - 0.1010

🛑 Stop Loss: 0.0970 ( Rigid stop loss, below the low of the previous 4H candle and the breakout zone )

🚀 Target 1: 0.1080

🚀 Target 2: 0.1150

Logical core: Three consecutive volume-increasing bullish candles on the 4H chart confirm main force entry, with open interest rising simultaneously to exclude short squeeze. The current price has formed a tight flag pattern above the breakout level of 0.099, with order book depth showing dense buy support at 0.1012-0.1013. Funding rate is only 0.005%, indicating healthy market sentiment without overheating. The price forms an effective demand zone between 0.0971-0.0988; any pullback to this area with buy absorption is a high-probability entry point. The advantage of the setup is the small stop loss space (~3%) and large upward target space (first target ~7%, second target ~14%), offering an excellent risk-reward ratio.

Trade here 👇 $MAGMA

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