$MAGMA Crashes 42% — Bears Are in Full Control!
$MAGMA has collapsed from $0.53 to around $0.295, with heavy selling pressure and bearish momentum. Support near $0.29 is critical now.
MAGMA SHORT SETUP
Entry: $0.295–$0.310
TP1: $0.280
TP2: $0.265
TP3: $0.250
SL: $0.325
A breakdown below $0.29 could trigger further losses, but after such a sharp crash, a relief bounce is possible. Avoid chasing the move.
Will $MAGMA break below $0.29 or bounce from support?
$MAGMA has collapsed from $0.53 to around $0.295, with heavy selling pressure and bearish momentum. Support near $0.29 is critical now.
MAGMA SHORT SETUP
Entry: $0.295–$0.310
TP1: $0.280
TP2: $0.265
TP3: $0.250
SL: $0.325
A breakdown below $0.29 could trigger further losses, but after such a sharp crash, a relief bounce is possible. Avoid chasing the move.
Will $MAGMA break below $0.29 or bounce from support?