🛑 MAGMA/USDT — SHORT SETUP ;

MAGMA is struggling to maintain its recent recovery, and the latest rejection suggests sellers are still active.

I'm watching the $0.3880–$0.4000 area as a potential selling zone. I don't want to chase the move; a clear rejection would make the setup more interesting.

Trade Details

- Entry Zone: $0.3850 – $0.4000
- Stop Loss: $0.4090

Take Profit Targets

- TP1: $0.3750
- TP2: $0.3600
- TP3: $0.3450

Confirmation: Look for bearish rejection around the entry zone on the 1H chart. Alternatively, a confirmed 1H close below $0.3740 followed by a failed retest can offer another short opportunity.

Invalidation: A sustained move above $0.4090 cancels this setup.

My View: Sellers have the advantage while MAGMA remains below $0.4000. I'll be watching for a lower high and continued selling pressure before considering an entry.

Manage leverage carefully and avoid risking more than you can afford to lose.

$MAGMA

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