📉 $MAGMA — downtrend remains, sellers can continue to exert pressure
🔴 Short $MAGMA
📍 Entry zone: $0.205–0.207
🛑 Stop-loss: $0.212
🎯 TP1: $0.200
🎯 TP2: $0.194
🎯 TP3: $0.188
The rebound looks weak, and the overall momentum remains bearish. The $0.205–0.207 zone may act as resistance, where sellers will again try to take control.
If the price rejects this area, sellers’ pressure may intensify and open the way to $0.200, $0.194 and $0.188.
🔴 Short $MAGMA
📍 Entry zone: $0.205–0.207
🛑 Stop-loss: $0.212
🎯 TP1: $0.200
🎯 TP2: $0.194
🎯 TP3: $0.188
The rebound looks weak, and the overall momentum remains bearish. The $0.205–0.207 zone may act as resistance, where sellers will again try to take control.
If the price rejects this area, sellers’ pressure may intensify and open the way to $0.200, $0.194 and $0.188.