I’m watching $MAGMA around the $0.515–$0.525 zone for a possible short. The recent rebound is moving into seller territory, so a clear rejection here could push price lower toward the next support levels.
Trade Plan:
Entry Zone: $0.515 – $0.525
Target 1: $0.490
Target 2: $0.460
Target 3: $0.420
Stop Loss: $0.556
Why this setup works: the entry zone is acting as a potential resistance area after the extended rebound. I’m looking for rejection and selling pressure rather than blindly entering. If $0.556 breaks, the bearish setup is invalid.
I’m keeping the risk controlled and watching the reaction closely.#KoreaSingleStockLeveragedETFTradingFalls #VietnamPilotsCryptoAssetMarket #GoldFalls3.24%ThisWeek #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields
Trade Plan:
Entry Zone: $0.515 – $0.525
Target 1: $0.490
Target 2: $0.460
Target 3: $0.420
Stop Loss: $0.556
Why this setup works: the entry zone is acting as a potential resistance area after the extended rebound. I’m looking for rejection and selling pressure rather than blindly entering. If $0.556 breaks, the bearish setup is invalid.
I’m keeping the risk controlled and watching the reaction closely.#KoreaSingleStockLeveragedETFTradingFalls #VietnamPilotsCryptoAssetMarket #GoldFalls3.24%ThisWeek #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields
