$MAGMA Rally Showing Signs of Resistance

Short $MAGMA (DCA Entries)

EP1: 0.450 – 60%
EP2: 0.500 – 20%
EP3: 0.550 – 20%

SL: 0.600

TP1: 0.4050
TP2: 0.3850
TP3: 0.3550
TP4: 0.3050

Why:

$MAGMA is approaching resistance around 0.4300 after a sharp rally. A rejection from this zone could trigger profit-taking. However, MA7 (0.39246), MA25 (0.31100) and MA99 (0.31265) remain bullish, while MACD is positive. Wait for clear bearish rejection before entering this short setup.

Note: If EP2 and EP3 are not reached, enter 100% at EP1.

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