【$MAGMA Signal】Pullback confirmation, bulls make a second charge

$MAGMA After the 1H level pulls back to EMA20, the price is again supported by funds.
The 4H Bollinger Bands are fully open, the price has broken above the upper band, and the MACD double lines are continuously diverging upward, indicating momentum has not exhausted.
The 1H RSI reaches as high as 88.66, showing extreme buying congestion, but the funding rate of 0.125% indicates overheated bullish sentiment, suggesting a short-term pullback is needed.
Sell orders are clearly stacking above 0.2299, forming the first resistance wall.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Layered entries in the 0.17644 - 0.18099 range

🛑Stop loss: 0.15290

🚀Target 1: 0.29335

🚀Target 2: 0.34953

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even.
If the price falls back into the entry zone, automatically exit to protect capital.

The 4H position volume remains stable, with no large-scale exits during the sharp price surge, indicating funds are still actively trading within the market.
The 1H MACD histogram begins to shrink, showing short-term upward momentum slowing down, and waiting for a healthy pullback is a better choice.
The range below 0.176-0.181 is a dense trading zone from previous breakouts and is near the 1H EMA50, where buying power will be relatively concentrated.
The risk-reward ratio is 4:1, making this layered entry highly attractive.

Check real-time market 👇 $MAGMA
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