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$MAGMA Strong Impulse Breakout
MAGMA executed a powerful move to 014951 resulting in a major short liquidation This breakout from a prolonged consolidation phase indicates a strong shift in momentum
Key Levels
Support zone 01430 01400
Breakout trigger 01500
Major resistance 01620
Long Trade Plan
Entry range 01420 01450
TP1 01550
TP2 01590
TP3 01620
Stop loss 01380
Market Sentiment
The high liquidation value points to intense buying pressure A confirmed break and hold above 01500 is crucial for continuation The structure remains bullish provided the support zone holds on any pullback
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