🔥 $MAGMA — BIG SHORT SETUP? Phe Mua Có Vẻ Đang Hụt Hơi!
From the $0.20 zone → near $0.58, $MAGMA đã has seen an extremely strong pump. But the higher it goes, the more the push shows signs of weakening.
The 1H timeframe is showing price repeatedly being rejected around the top area. If $0.55–$0.58 continues to become a hard resistance zone, a deep pullback could appear. 👀
📉 SHORT plan:
• Entry: $0.510 – $0.525
• SL: $0.585
• TP1: $0.485
• TP2: $0.450
• Final TP: $0.420
⚠️ The point I’m especially watching: It’s not the case that a strong pump means you should short right away. I want to see MAGMA unable to reclaim $0.55–$0.58 and for weakness confirmation to appear before taking action.
MAGMA’s volatility is very high → position sizing and capital management matter more than trying to catch the exact top. No FOMO. Wait for confirmation before trading. 🎯
From the $0.20 zone → near $0.58, $MAGMA đã has seen an extremely strong pump. But the higher it goes, the more the push shows signs of weakening.
The 1H timeframe is showing price repeatedly being rejected around the top area. If $0.55–$0.58 continues to become a hard resistance zone, a deep pullback could appear. 👀
📉 SHORT plan:
• Entry: $0.510 – $0.525
• SL: $0.585
• TP1: $0.485
• TP2: $0.450
• Final TP: $0.420
⚠️ The point I’m especially watching: It’s not the case that a strong pump means you should short right away. I want to see MAGMA unable to reclaim $0.55–$0.58 and for weakness confirmation to appear before taking action.
MAGMA’s volatility is very high → position sizing and capital management matter more than trying to catch the exact top. No FOMO. Wait for confirmation before trading. 🎯
