$MAGMA SHORT 20x đ» | The setup Iâve been watching has finally activated.
MAGMA has reached the exact supply zone I was waiting forâno random entry, no chasing. The short is now active, and this resistance area remains the key level keeping the setup valid.
đ Trade Plan
Entry: 0.48096 â 0.48831
TP1: 0.43300
TP2: 0.39857
TP3: 0.34694
SL: 0.55349
đ Why Iâm watching this short:
âą 4H structure continues to favor the downside.
âą Price has entered the 0.48096â0.48831 reaction zone.
âą 15M RSI around 77 shows overheated momentum and potential rejection.
âą Volume is elevated at 1.14x, with 3.12M traded vs. 2.73M expected.
The setup is clear. Now itâs all about execution and risk management.
Would you prefer a tight stop here, or give the trade more room with a wider structure-based stop? đ
MAGMA has reached the exact supply zone I was waiting forâno random entry, no chasing. The short is now active, and this resistance area remains the key level keeping the setup valid.
đ Trade Plan
Entry: 0.48096 â 0.48831
TP1: 0.43300
TP2: 0.39857
TP3: 0.34694
SL: 0.55349
đ Why Iâm watching this short:
âą 4H structure continues to favor the downside.
âą Price has entered the 0.48096â0.48831 reaction zone.
âą 15M RSI around 77 shows overheated momentum and potential rejection.
âą Volume is elevated at 1.14x, with 3.12M traded vs. 2.73M expected.
The setup is clear. Now itâs all about execution and risk management.
Would you prefer a tight stop here, or give the trade more room with a wider structure-based stop? đ