$MAGMA Short | Resistance Is Being Tested, I Choose to Side With the Seller 📉
MAGMA just had a fairly strong rebound, but the $0.215–$0.225 zone is the area I’m paying special attention to. Instead of chasing the price, I choose to wait for a reaction at resistance, and I only keep the Short scenario when selling pressure is truly confirmed.
📈 Trading plan:
⟶ Entry: $0.215 – $0.225
• TP1: $0.205
• TP2: $0.195
• TP3: $0.180
• TP4: $0.165
⛔ SL: $0.255
Leverage: 10x Isolated
My thesis:
• The $0.22–$0.23 zone is a notable resistance after the rebound.
• If MAGMA is rejected and loses $0.215, profit-taking pressure may increase.
• When the sellers take control, the $0.195 → $0.18 → $0.165 levels will be the key checkpoints to watch.
• Conversely, if price breaks out and holds firmly above $0.24, the Short scenario will weaken significantly.
• With a highly volatile asset like MAGMA, I prefer waiting for confirmation on 15m/30m instead of entering a trade just because of emotions.
This isn’t a race to see who enters the trade first. Discipline, the invalidation point, and risk management—those are what determine whether a trade is worth holding.
Click here to Trade 👇️
MAGMA just had a fairly strong rebound, but the $0.215–$0.225 zone is the area I’m paying special attention to. Instead of chasing the price, I choose to wait for a reaction at resistance, and I only keep the Short scenario when selling pressure is truly confirmed.
📈 Trading plan:
⟶ Entry: $0.215 – $0.225
• TP1: $0.205
• TP2: $0.195
• TP3: $0.180
• TP4: $0.165
⛔ SL: $0.255
Leverage: 10x Isolated
My thesis:
• The $0.22–$0.23 zone is a notable resistance after the rebound.
• If MAGMA is rejected and loses $0.215, profit-taking pressure may increase.
• When the sellers take control, the $0.195 → $0.18 → $0.165 levels will be the key checkpoints to watch.
• Conversely, if price breaks out and holds firmly above $0.24, the Short scenario will weaken significantly.
• With a highly volatile asset like MAGMA, I prefer waiting for confirmation on 15m/30m instead of entering a trade just because of emotions.
This isn’t a race to see who enters the trade first. Discipline, the invalidation point, and risk management—those are what determine whether a trade is worth holding.
Click here to Trade 👇️