$MAGMA This rebound got knocked back again. I’m sick of this resistance range of 0.301 to 0.303—every time it touches it, it bleeds out. On the 15-minute chart, the RSI is stuck at 48, neither up nor down; the volume also shows sellers are actively taking the bait by buying to absorb.
Don’t tell me anything about a V-shape reversal—nothing is broken in the structure and the volume hasn’t expanded. At this kind of spot, it’s a textbook short-entry zone. I’ve already entered anyway; I’m just waiting to take profit on the first target and grab a bite.
🔴 Trade direction: Short
📍 Entry zone: 0.30107 – 0.30307
🛑 Stop loss: 0.31170
🎯 Take profit 1: 0.29485
🎯 Take profit 2: 0.29004
🎯 Take profit 3: 0.28282
#MAGMA
Click below to trade👇👇👇
Don’t tell me anything about a V-shape reversal—nothing is broken in the structure and the volume hasn’t expanded. At this kind of spot, it’s a textbook short-entry zone. I’ve already entered anyway; I’m just waiting to take profit on the first target and grab a bite.
🔴 Trade direction: Short
📍 Entry zone: 0.30107 – 0.30307
🛑 Stop loss: 0.31170
🎯 Take profit 1: 0.29485
🎯 Take profit 2: 0.29004
🎯 Take profit 3: 0.28282
#MAGMA
Click below to trade👇👇👇