MAGMA Short Setup: Technical Breakdown & Trade Plan
$MAGMA is exhibiting clear structural weakness, signaling potential momentum expansion to the downside. Price action suggests a continuation setup as buyers lose control at key resistance.
Execution Strategy
Entry Zone: 0.236 – 0.244
Stop Loss: 0.262
Take-Profit Targets
TP1: 0.235 (Initial scale-out / Risk reduction)
TP2: 0.225 (Key liquidity target)
TP3: 0.216 (Extended downside target)
$MAGMA
$AAVE
#NFPWatch #XRPPostsFirstThreeGreenMonthsInQ3
$MAGMA is exhibiting clear structural weakness, signaling potential momentum expansion to the downside. Price action suggests a continuation setup as buyers lose control at key resistance.
Execution Strategy
Entry Zone: 0.236 – 0.244
Stop Loss: 0.262
Take-Profit Targets
TP1: 0.235 (Initial scale-out / Risk reduction)
TP2: 0.225 (Key liquidity target)
TP3: 0.216 (Extended downside target)
$MAGMA
$AAVE
#NFPWatch #XRPPostsFirstThreeGreenMonthsInQ3
