$MAGMA The current trend is strongly bearish. In a very short period of time, the price dropped sharply from 0.38 to a low of 0.26.
The market is currently consolidating near the lows.
🐻 $MAGMA Short scenario (preferred)
· Short entry: 0.29 - 0.30 (wait for a retest of this resistance zone)
· Stop loss: above 0.33 (recent local swing high)
· Take profit: 0.26 (recent swing low), then 0.23 (the previous consolidation zone)
🐂 $MAGMA Long scenario: high-risk counter-trend intraday trade; only valid if a strong reversal pattern forms at the main support level
· Long entry: 0.26 - 0.27 (current support zone; watch for strong bounce confirmation)
· Stop loss: below 0.23 (recent flash-crash low)
· Take profit: 0.30 (resistance level), then 0.33
Support me—trade right here👇
#magma #magmafinance
The market is currently consolidating near the lows.
🐻 $MAGMA Short scenario (preferred)
· Short entry: 0.29 - 0.30 (wait for a retest of this resistance zone)
· Stop loss: above 0.33 (recent local swing high)
· Take profit: 0.26 (recent swing low), then 0.23 (the previous consolidation zone)
🐂 $MAGMA Long scenario: high-risk counter-trend intraday trade; only valid if a strong reversal pattern forms at the main support level
· Long entry: 0.26 - 0.27 (current support zone; watch for strong bounce confirmation)
· Stop loss: below 0.23 (recent flash-crash low)
· Take profit: 0.30 (resistance level), then 0.33
Support me—trade right here👇
#magma #magmafinance
