$MAGMA is retesting a key supply zone where the latest recovery is beginning to fade.
Trading Plan Short $MAGMA
Entry: 0.2297 - 0.2343
SL: 0.255
TP1: 0.224
TP2: 0.217
TP3: 0.212
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above the current structure, leaving downside liquidity exposed below recent lows. If supply continues to hold, price could rotate lower toward the next liquidity pockets.
trade $MAGMA here 👇 :
Trading Plan Short $MAGMA
Entry: 0.2297 - 0.2343
SL: 0.255
TP1: 0.224
TP2: 0.217
TP3: 0.212
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above the current structure, leaving downside liquidity exposed below recent lows. If supply continues to hold, price could rotate lower toward the next liquidity pockets.
trade $MAGMA here 👇 :