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$MAGMA Signal】Long - 1H pullback confirmation, preparing for a second upward push
$MAGMA The 1H timeframe is strongly consolidating above the EMA20 (0.1043), with the price refusing to undergo a deep correction. The 4H timeframe is holding above the EMA50 (0.1025), indicating a shift from a downtrend to an uptrend. Currently, it is a healthy upward continuation pattern, building momentum to challenge the previous high.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1045 - 0.1050 (Reason: 1H EMA20 dynamic support zone, heavy buy orders on the order book )
🛑Stop Loss: 0.1028 (Reason: Break below th