【$MAGMA Signal】Short squeeze rebound, long positions hidden

$MAGMA 1H timeframe spikes then pulls back, buying depth imbalance -10.85%, clear accumulation of short orders. After piercing the upper band of the 4H Bollinger Bands at 0.2019, the price remains firm, MACD histogram still expanding. The 1H RSI drops from a high of 75.86, but the price does not fall sharply, revealing the intention of support from funds.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Batch accumulation in the 0.17315 - 0.20465 range

🛑Stop loss: 0.17176

🚀Target 1: 0.20558

🚀Target 2: 0.20641

🛡️Trade management: - Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

Positive funding rate of 0.0718% provides continuous short squeeze fuel, stable open interest indicates bulls have not exited. Although the MACD fast and slow lines on the 1H have contracted after a golden cross, the 4H just turned bullish again, multi-timeframe momentum has not yet exhausted. This risk-reward ratio is worth a small stop to attempt a breakout above.

Check real-time market 👇 $MAGMA
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