$MAGMA has suffered a sharp breakdown, falling nearly 28%. Price is now around 0.37155, with the structure still looking bearish.
Key resistance: 0.403–0.519
Current price: 0.37155
Trade Setup: Entry: 0.385–0.405 TP1: 0.368 TP2: 0.307 TP3: 0.212 Stop Loss: 0.425
Short bias remains valid while price stays below 0.403–0.405.
A rejection from resistance or a failed retest of broken support would provide stronger confirmation.
Key resistance: 0.403–0.519
Current price: 0.37155
Trade Setup: Entry: 0.385–0.405 TP1: 0.368 TP2: 0.307 TP3: 0.212 Stop Loss: 0.425
Short bias remains valid while price stays below 0.403–0.405.
A rejection from resistance or a failed retest of broken support would provide stronger confirmation.
