$MAGMA is showing a massive vertical spike on the 4-hour chart, surging over 64% from the 0.30 low to a high of 0.54446. 📈
However, the chart is now printing a strong rejection candle, pulling back to 0.502 as sellers step in at the peak. 🧐
I'm opening a short position here to catch the pullback, targeting a return to the lower support levels. ⚠️
Short Setup:
Entry: 0.500–0.510
TP1: 0.450
TP2: 0.400
SL: 0.550
The move is heavily overextended stay sharp and manage your risk! 💪✅
$MAGMA
However, the chart is now printing a strong rejection candle, pulling back to 0.502 as sellers step in at the peak. 🧐
I'm opening a short position here to catch the pullback, targeting a return to the lower support levels. ⚠️
Short Setup:
Entry: 0.500–0.510
TP1: 0.450
TP2: 0.400
SL: 0.550
The move is heavily overextended stay sharp and manage your risk! 💪✅
$MAGMA