MAGMA’s been slipping under the 0.42 line, looks like it’s primed for a quick dip. The bears are gathering momentum.
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🔴 $MAGMA SHORT 📉
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📍 Entry Range: $0.238172 – $0.238648
🛑 Stop Loss: $0.245562 (-3.0%)
🎯 TP1: $0.234834 (+1.5%)
🏆 TP2: $0.226490 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 65%
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We got a CHoCH break, CVD turning negative, a fresh FVG under the recent swing, and an order block right at the gap - all lining up as a POI. Structure is lower high, lower low, so the short bias is solid.
A 3.0% stop is a bit tight, so keep leverage around 5x to stay safe.
Take half off at the first target around 1.7R to lock in some profit.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$MAGMA #MAGMAUSDT #Bitcoin #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $MAGMA SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.238172 – $0.238648
🛑 Stop Loss: $0.245562 (-3.0%)
🎯 TP1: $0.234834 (+1.5%)
🏆 TP2: $0.226490 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 65%
━━━━━━━━━━━━━━━━━━━━━
We got a CHoCH break, CVD turning negative, a fresh FVG under the recent swing, and an order block right at the gap - all lining up as a POI. Structure is lower high, lower low, so the short bias is solid.
A 3.0% stop is a bit tight, so keep leverage around 5x to stay safe.
Take half off at the first target around 1.7R to lock in some profit.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$MAGMA #MAGMAUSDT #Bitcoin #TradingSignals #Write2Earn