$MAGMA REJECTING KEY RESISTANCE â SHORT SETUP ACTIVE đ„
Entry: 0.409 â 0.412 đ„
Target: 0.402 | 0.395 | 0.387 đ
Stop Loss: 0.418 â ïž
That $0.409â0.412 zone has been heavy supply for three days straight. Each test gets sold immediately and the bid depth is thinning above it. Lower timeframe rejection candles are stacking â thatâs a textbook short trigger for a mean reversion play.
If this zone holds, we likely see a fast move toward the first target inside the next 4-6 hours. Volume on the ask side is already picking up. Are you pressing the short here or waiting for a lower risk entry?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #ResistanceTrading #Crypto
âĄ
Entry: 0.409 â 0.412 đ„
Target: 0.402 | 0.395 | 0.387 đ
Stop Loss: 0.418 â ïž
That $0.409â0.412 zone has been heavy supply for three days straight. Each test gets sold immediately and the bid depth is thinning above it. Lower timeframe rejection candles are stacking â thatâs a textbook short trigger for a mean reversion play.
If this zone holds, we likely see a fast move toward the first target inside the next 4-6 hours. Volume on the ask side is already picking up. Are you pressing the short here or waiting for a lower risk entry?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #ResistanceTrading #Crypto
âĄ
