$MAGMA USDT REVERSAL SETUP🛑
$MAGMA is up 25.02% and trading close to the 0.56962 daily high. The rally is losing momentum near resistance, so a rejection from the upper range could trigger a short-term correction.
Short entry zone: 0.5400 to 0.5650 on rejection
Targets:
TP1: 0.5150
TP2: 0.4800
TP3: 0.4450
Stop Loss: 0.5850
Bearish below 0.5650. A clean breakout and hold above 0.5850 would invalidate the short setup.
#MAGMA
$MAGMA is up 25.02% and trading close to the 0.56962 daily high. The rally is losing momentum near resistance, so a rejection from the upper range could trigger a short-term correction.
Short entry zone: 0.5400 to 0.5650 on rejection
Targets:
TP1: 0.5150
TP2: 0.4800
TP3: 0.4450
Stop Loss: 0.5850
Bearish below 0.5650. A clean breakout and hold above 0.5850 would invalidate the short setup.
#MAGMA
