$MAGMA has decisively broken below the 1h MA25 support, confirming a bearish shift in structure. With the 15m RSI(6) at 13.42 indicating extreme oversold conditions, a minor relief bounce is likely, providing an optimal entry to ride the continuation toward the 0.46604 low.
Accumulating $MAGMA Shorts here. 🐻
Trade Entry: 0.50191 - 0.50442
Profit Target 1: 0.475
Profit Target 2: 0.452
Risk Level: 0.51955