$MAGMA is approaching a key resistance zone where sellers may regain control. If price reaches the entry area and shows rejection, the downside setup offers a favorable risk-to-reward opportunity.
📉 Short Setup
🔴 Entry Zone: $0.31500 – $0.32000
🎯 TP1: $0.30500
🎯 TP2: $0.30000
🎯 TP3: $0.29500
🎯 TP4: $0.29000
🛑 Stop Loss: Above $0.34000
Patience is key—wait for price to enter the sell zone rather than chasing the move. As long as $0.34000 remains unbroken, the bearish structure stays valid and the probability favors a continuation toward the downside targets.
Follow your trading plan, manage your risk, and let the setup come to you.
📉 Short Setup
🔴 Entry Zone: $0.31500 – $0.32000
🎯 TP1: $0.30500
🎯 TP2: $0.30000
🎯 TP3: $0.29500
🎯 TP4: $0.29000
🛑 Stop Loss: Above $0.34000
Patience is key—wait for price to enter the sell zone rather than chasing the move. As long as $0.34000 remains unbroken, the bearish structure stays valid and the probability favors a continuation toward the downside targets.
Follow your trading plan, manage your risk, and let the setup come to you.