MAGMAUSDT Perp Market Overview
$MAGMA is trading at 0.09962, rebounding after carving a local base at 0.09459. The market printed a recovery impulse that reclaimed the 0.09800 mid-range, signaling buyer re-engagement after the prior selloff from the 0.10300 rejection zone. Price is now pressing back into short-term supply near the psychological 0.10000 barrier.
Recent candles reflect bullish momentum rebuilding, with higher lows forming into resistance — a classic breakout pressure pattern. Volume expansion on the rebound leg confirms accumulation rather than a weak relief bounce. Holding above 0.09700 keeps continuation probability active.
As long as MAGMA sustains structure above this reclaimed support, the path of least resistance tilts upward toward range highs.
Trade Plan
EP: 0.09850 – 0.10000
TP: 0.10350 – 0.10600
SL: 0.09620
Momentum Trigger: Break and hourly close above 0.10050 opens upside expansion toward the 0.10500 liquidity zone.
Risk Factor: Failure to hold 0.09700 support risks rotation back into 0.09450 demand.
Professional Outlook: Recovery structure is transitioning into breakout pressure. If buyers convert 0.10000 into support, momentum continuation toward prior highs becomes the dominant scenario.
