📉 $MAGMA — Bearish Short Setup
SHORT $MAGMA
Entry: $0.219–$0.225
SL: $0.242
🎯 Take Profit:
TP1: $0.215
TP2: $0.206
TP3: $0.198
Price is struggling to reclaim the resistance zone, suggesting that sellers are still defending the upside. Continued rejection around the entry area could create room for another downside leg toward the lower target levels.
🔑 Key Level:
$0.225 — Failure to reclaim and hold above this area would keep the bearish structure active and support the downside setup.
⚠️ Risk Note:
A move above $0.242 would invalidate the bearish setup. Wait for confirmation and use controlled position sizing with proper risk management.
Bearish bias while resistance holds. 📉
Sell and Trade $MAGMA here 👇
DYOR
SHORT $MAGMA
Entry: $0.219–$0.225
SL: $0.242
🎯 Take Profit:
TP1: $0.215
TP2: $0.206
TP3: $0.198
Price is struggling to reclaim the resistance zone, suggesting that sellers are still defending the upside. Continued rejection around the entry area could create room for another downside leg toward the lower target levels.
🔑 Key Level:
$0.225 — Failure to reclaim and hold above this area would keep the bearish structure active and support the downside setup.
⚠️ Risk Note:
A move above $0.242 would invalidate the bearish setup. Wait for confirmation and use controlled position sizing with proper risk management.
Bearish bias while resistance holds. 📉
Sell and Trade $MAGMA here 👇
DYOR
