🔴 $MAGMA — SHORT SETUP 📉
$MAGMA is retesting a key supply zone, but the latest recovery is starting to lose momentum. Sellers may step in if this resistance continues to hold.
📌 TRADE PLAN — SHORT
🔻 Entry: 0.2317 – 0.2363
🛑 SL: 0.256
🎯 TP1: 0.226
🎯 TP2: 0.220
🎯 TP3: 0.212
The rebound has pushed price into a resistance area where buyers are struggling to extend the move. If sellers maintain control, a downside rotation toward the lower liquidity zones could follow.
⚠️ Manage risk carefully and DYOR. $MAGMA #MAGMA #Crypto #ShortSetup #Trading
$MAGMA is retesting a key supply zone, but the latest recovery is starting to lose momentum. Sellers may step in if this resistance continues to hold.
📌 TRADE PLAN — SHORT
🔻 Entry: 0.2317 – 0.2363
🛑 SL: 0.256
🎯 TP1: 0.226
🎯 TP2: 0.220
🎯 TP3: 0.212
The rebound has pushed price into a resistance area where buyers are struggling to extend the move. If sellers maintain control, a downside rotation toward the lower liquidity zones could follow.
⚠️ Manage risk carefully and DYOR. $MAGMA #MAGMA #Crypto #ShortSetup #Trading