I'M GOING SHORT ON $MAGMA WITH 10x LEVERAGE ISOLATED IN MY FUTURES POSITION...👇👇
My Entry Zone: $0.5320 - $0.5450
TP 1: $0.5000
TP 2: $0.4650
TP 3: $0.4300
TP 4: $0.3900
SL: $0.5800
Setup Logic:
· Price is showing strong rejection from the $0.552-$0.579 resistance zone, with multiple bearish candles indicating seller dominance after a massive +54% rally.
· The current candle is struggling to break above $0.532, suggesting weakening bullish momentum.
· Recent price action shows overextended move with profit-taking likely, which is a classic bearish reversal signal.
· A breakdown below $0.500 could accelerate downside toward $0.465 and $0.430 support levels.
· Reclaiming $0.580 would invalidate this short setup, while a close above $0.552 confirms bullish continuation.
👉 Don't over leverage or revenge trade, protect capital and manage risk properly. Market always gives new opportunities.
$MAGMA
My Entry Zone: $0.5320 - $0.5450
TP 1: $0.5000
TP 2: $0.4650
TP 3: $0.4300
TP 4: $0.3900
SL: $0.5800
Setup Logic:
· Price is showing strong rejection from the $0.552-$0.579 resistance zone, with multiple bearish candles indicating seller dominance after a massive +54% rally.
· The current candle is struggling to break above $0.532, suggesting weakening bullish momentum.
· Recent price action shows overextended move with profit-taking likely, which is a classic bearish reversal signal.
· A breakdown below $0.500 could accelerate downside toward $0.465 and $0.430 support levels.
· Reclaiming $0.580 would invalidate this short setup, while a close above $0.552 confirms bullish continuation.
👉 Don't over leverage or revenge trade, protect capital and manage risk properly. Market always gives new opportunities.
$MAGMA
