MAGMA — SELLERS ARE LOADING UP AFTER THE REBOUND
MAGMA is pushing into a key resistance zone, and this is exactly where I’m watching for a rejection. The rebound looks vulnerable if buyers fail to break higher and sellers step back in.
🔻 SHORT $MAGMA
Entry: 0.380–0.386
SL: 0.404
TP1: 0.360
TP2: 0.335
TP3: 0.300
The idea is simple: rejection from 0.380–0.386 could trigger a deeper corrective move. If 0.360 breaks with momentum, the downside could accelerate toward 0.335 and potentially 0.300.
But if $MAGMA decisively breaks and holds above 0.404, this short setup is invalidated.
I’m watching the reaction closely — no blind entries, confirmation matters.
Trade $MAGMA and watch the rejection.
$MAGMA
MAGMA is pushing into a key resistance zone, and this is exactly where I’m watching for a rejection. The rebound looks vulnerable if buyers fail to break higher and sellers step back in.
🔻 SHORT $MAGMA
Entry: 0.380–0.386
SL: 0.404
TP1: 0.360
TP2: 0.335
TP3: 0.300
The idea is simple: rejection from 0.380–0.386 could trigger a deeper corrective move. If 0.360 breaks with momentum, the downside could accelerate toward 0.335 and potentially 0.300.
But if $MAGMA decisively breaks and holds above 0.404, this short setup is invalidated.
I’m watching the reaction closely — no blind entries, confirmation matters.
Trade $MAGMA and watch the rejection.
$MAGMA
