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【$MAGMAUSDT】Main Force Intentions Exposed
$MAGMA During regular intraday fluctuation period, after volume and price surged together and broke through on the 4-hour level, currently contracting and pulling back to the Bollinger Band middle line. MACD histogram is contracting but still above the zero axis, 1-hour level EMA20 and EMA50 about to form a golden cross, extremely thick pending buy orders below 0.1178, the main force's support intention is too obvious. Under this structure the risk-reward ratio is decent, worth taking a shot at a bounce.
At current price near 0.1178 go long directly, stop loss below 0.1110. First target 0.1296, reduce position by half there and move stop to breakeven, gamble the remainder for 0.1357.
Check real-time chart 👇 $MAGMA
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