【$MAGMA Signal】The short squeeze continues; pullbacks mean going long

$MAGMA 4H-level price has surged out of the Bollinger upper band, and RSI has shot up to 90.64, with the long side’s sentiment extremely overheated. On the 1H timeframe, buy orders keep pushing prices higher; the MACD lines diverge upward, and the funding rate is as high as 0.1425%, continuously squeezing the short side. The order book depth shows sell orders stacked above 0.2538, but buy support is also dense, with sell pressure being rapidly absorbed.

🎯 Direction: Go long

⚡ Entry/Order: Go long on the pullback in the 0.1889 - 0.1937 range

🛑 Stop loss: 0.1606

🚀 Target 1: 0.3262

🚀 Target 2: 0.3925

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

OI remains stable, with no large outflows, indicating that holders are still competing for even higher upside. Although the 1H RSI is in an overbought area and has become somewhat dull, combined with positive funding and continuous price-and-volume growth, this short-squeeze structure in hot coins often has momentum for a push higher. The area around 0.188 is a dense prior breakout trading zone and also a potential support level for the 1H EMA20; the intention for capital to provide support is clear. The risk-reward ratio is close to 4:1, making it worth using a smaller position to bet on trend continuation.

Check real-time market 👇 $MAGMA
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