🔻 $MAGMA | SHORT 🔴
📉 Bearish Setup – Technical Overview
MAGMA continues to show bearish momentum, with price trading below both the 50 EMA and 200 EMA. The formation of lower highs and continued rejection near dynamic resistance suggest sellers remain in control, with further downside possible toward the $0.3130 support zone.
🎯 TRADE PLAN
Entry: 0.33704
Stop Loss: 0.35605
Take profit: 0.31314
⚠️ No chasing. Respect your stop loss and manage risk.
Technical setup only. Not financial advice.
#short #cryptotrading
📉 Bearish Setup – Technical Overview
MAGMA continues to show bearish momentum, with price trading below both the 50 EMA and 200 EMA. The formation of lower highs and continued rejection near dynamic resistance suggest sellers remain in control, with further downside possible toward the $0.3130 support zone.
🎯 TRADE PLAN
Entry: 0.33704
Stop Loss: 0.35605
Take profit: 0.31314
⚠️ No chasing. Respect your stop loss and manage risk.
Technical setup only. Not financial advice.
#short #cryptotrading
