【$MAGMA Signal】Short squeeze structure; pull back and then go long.

$MAGMA 4H level MACD: after the fast and slow lines golden cross, volume continues to expand, and the price holds just below the upper Bollinger Band, building up energy. The 1H buy order book depth is 2.74 times that of the sell side; there are extremely thick resting orders below 0.2521, and the intent of capital support is fully exposed.

🎯 Direction: Go long on the pullback

⚡ Entry/Order: Buy in batches within the 0.17475 - 0.25001 range

🛑 Stop loss: 0.14219

🚀 Target 1: 0.25212

🚀 Target 2: 0.25313

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the breakeven level. If the price drops back to the entry zone, exit automatically to protect principal.

The 1H MACD histogram turns negative, but the price refuses to dive deeper—this is a typical sign of strong consolidation. Open interest remains steady at a high of 38.7 million. Coupled with a 0.077% positive funding rate, the cost of short positions continues to accumulate. In the order book, buy orders of over 3,000 units are stacked in the 0.2521 to 0.25215 range, forming a solid defense line. Under this structure, any pullback toward below 0.25 is an opportunity for bulls to actively absorb; the risk-reward ratio looks quite favorable in the current volatility.

View real-time market 👇 $MAGMA
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