$MAGMA /USDT — Sharp Dump Absorbed, Recovery Structure Building
$MAGMA showed an aggressive sell-off on the 1H chart, where the price flushed directly from the 0.165 area to the 0.123 zone — a clear stop-hunt move. The consolidation that followed seems to be a clean accumulation. The recent push has brought the price back above the 0.14 zone, which is a signal of short-term strength. Buyers have clearly absorbed the dip.
The structure is currently shifting into a higher low → higher high attempt. As long as the price holds above 0.132–0.135, the bias for recovery continuation will remain.
Trade Setup (Recovery Continuation Play):
Entry Zone: 0.1360 – 0.1410
Target 1: 0.1485
Target 2: 0.1560
Target 3: 0.1650
Stop-Loss: 0.1295
If MAGMA gives a strong close above 0.145, upside momentum could accelerate. If it closes below 0.13, the structure will weaken, and it would be better to avoid the trade.
$MAGMA
