$MAGMA is showing a potential bullish reversal signal!

A $4.4488K short liquidation at $0.39245 indicates that bearish traders were forced out of their positions, creating potential upside momentum. However, MAGMA has experienced a sharp pullback from its recent $0.4685 area, so buyers must reclaim key resistance levels before bullish continuation is confirmed.

The $0.3850 area is important short-term support, while $0.4255 is the next major recovery level. Crypto Sonar +2

TRADE SETUP — LONG

Conditional bullish setup

Entry Zone: $0.4000 – $0.4080

TP1: $0.4255

TP2: $0.4440

TP3: $0.4685

Stop Loss: $0.3830

Market Outlook:

Short liquidations suggest buyers are beginning to challenge bearish positions. A sustained reclaim of $0.4080 could open the door toward $0.4255 and higher resistance levels.

Watch the $0.3850 support carefully. A breakdown below this level would invalidate the bullish setup.

Wait for confirmation before entering.

Let's go $MAGMA

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