MAGMA is battling below its 200‑day EMA, with the price sitting near a fresh swing low that’s been tested twice this week. Momentum is fading as sellers dominate the last 12‑hour candles.

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🔴 $MAGMA SHORT 📉
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📍 Entry Range: $0.222497 – $0.222943
🛑 Stop Loss: $0.229402 (-3.0%)
🎯 TP1: $0.219379 (+1.5%)
🏆 TP2: $0.211584 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A change of character broke the bullish swing and the order block from the prior up move lines up with a fair‑value gap, creating a strong point of interest. CVD shows volume spiking to the downside, confirming the break. The confluence of OB, FVG and the CHoCH gives a clean short entry at the break of structure.

With a 3 % stop‑loss just above the recent swing high, the risk is tight, so a max of 3x leverage keeps the trade within a 9 % max drawdown.

Take partial profit around the first target as the price approaches the lower edge of the order block.

As always: manage your risk, this is not financial advice 🙏

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