$MAGMA is showing strong bearish momentum, with sellers firmly in control. Price is moving downward and continuing to face selling pressure.

Bearish continuation remains possible. Watch for a breakdown below immediate support before considering further downside.

Trade Setup
Entry Range: 0.2770–0.2800
Target 1: 0.2720
Target 2: 0.2680
Target 3: 0.2600
Stop Loss: 0.2860

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