đš $MAGMA â Short Setup | Bounce Into Resistance (4h)
MAGMA is up about 13% in 24h at $0.27398 on $24M volume, but the 4h chart is only bouncing after the crash from $0.40, and it is down about 30% in 7 days. A bounce into $0.2760â$0.2800 is a good short entry, and I book profit before the $0.2408 low.
đ Short Entry: $0.2760â$0.2800
đŻ TP1: $0.2640
đŻ TP2: $0.2520
đ SL: Above $0.2865
Setup: Downtrend bounce + resistance rejection. If $0.2865 breaks on a 4h close, skip the trade.
Do you think $MAGMA goes back to $0.25? đ
â ïž Not financial advice. MAGMA has higher lows on the 4h, so this is a counter-trend short and bounces can be sharp. Use low leverage.
â ANiii Trader Analysis đ
đ Click to Open Trade
$AGT
MAGMA is up about 13% in 24h at $0.27398 on $24M volume, but the 4h chart is only bouncing after the crash from $0.40, and it is down about 30% in 7 days. A bounce into $0.2760â$0.2800 is a good short entry, and I book profit before the $0.2408 low.
đ Short Entry: $0.2760â$0.2800
đŻ TP1: $0.2640
đŻ TP2: $0.2520
đ SL: Above $0.2865
Setup: Downtrend bounce + resistance rejection. If $0.2865 breaks on a 4h close, skip the trade.
Do you think $MAGMA goes back to $0.25? đ
â ïž Not financial advice. MAGMA has higher lows on the 4h, so this is a counter-trend short and bounces can be sharp. Use low leverage.
â ANiii Trader Analysis đ
đ Click to Open Trade
$AGT