$MAGMA — SHORT 📉
The setup favors a downside move while sellers maintain control around the entry area.
Trade Details:
Entry: 0.1700
TP1: 0.1660
TP2: 0.1625
TP3: 0.1580
SL: 0.1732
Why we like this:
We are observing a clear rejection at the upper resistance levels, forming a lower-high structure that signals waning buyer interest. With bearish volume increasing and the price slipping below key moving averages, the path of least resistance points sharply lower toward our targets as liquidity shifts to the downside.
The setup favors a downside move while sellers maintain control around the entry area.
Trade Details:
Entry: 0.1700
TP1: 0.1660
TP2: 0.1625
TP3: 0.1580
SL: 0.1732
Why we like this:
We are observing a clear rejection at the upper resistance levels, forming a lower-high structure that signals waning buyer interest. With bearish volume increasing and the price slipping below key moving averages, the path of least resistance points sharply lower toward our targets as liquidity shifts to the downside.