$MAGMA is retesting a key supply zone where the latest recovery is beginning to fade.
Trading Plan Short $MAGMA
Entry: 0.2317 - 0.2363
SL: 0.256
TP1: 0.226
TP2: 0.220
TP3: 0.212
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above this zone, leaving liquidity below the recent structure exposed. If supply continues to hold, the next rotation could sweep lower levels before another reaction.
trade $MAGMA here 👇 :
Trading Plan Short $MAGMA
Entry: 0.2317 - 0.2363
SL: 0.256
TP1: 0.226
TP2: 0.220
TP3: 0.212
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above this zone, leaving liquidity below the recent structure exposed. If supply continues to hold, the next rotation could sweep lower levels before another reaction.
trade $MAGMA here 👇 :