Decision: LONG (Buy/Up)

$MAGMA #MAGMAUSTD

ENTRY (Enter Position): $0.11380 - $0.11440

TAKE PROFIT:

​TP 1 (Conservative): $0.11800

TP 2 (Optimistic): $0.12100

CUT LOSS: $0.11250

Visual Analysis (Why Long?)

​Golden Cross Mini: Note the Yellow line (MA7) has just or is trying to cross above the Purple line (MA25). This is a classic signal for short-term Buy.

​Strong Support: The price has formed a solid floor at 0.10804 and continues to print Higher Lows in the last few hours.

​Volume: There is a fairly stable green volume supporting this small increase.

Although the signal is Long, the larger trend (Daily) is still down (see MA99 sharply descending above). This is Counter-Trend Trading (against the large current), so it is essential to set a tight Stop Loss at 0.11250.

MAGMAUSDT

Perp

0.11197

-5.63%