🔴 $MAGMA REJECTION AT SUPPLY ZONE — SHORT CONTINUATION IN PLAY! 📉
Entry: 0.2595 - 0.2623 ⚡
Target: 0.2510 / 0.2425 / 0.2326 🎯
Stop Loss: 0.2737 ⚠️
Sellers have locked this supply zone between 0.2595 and 0.2623, and the weak bounce off the lows tells me buyers aren't committing. 📉 Each rejection from this resistance strengthens the downside case, with the next liquidity pool waiting below 0.2510. 💡
The bias stays bearish while price holds below 0.2623. A sweep of the recent lows could trigger a cascade toward the 0.2425 and 0.2326 targets. 🔍 Watch for a daily close below 0.2510 to confirm the continuation. 💬 Do you see this rejection holding, or will buyers step back in before the breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MAGMA #ShortSetup #Bearish #SupplyZone #Crypto
🐻 📉
Entry: 0.2595 - 0.2623 ⚡
Target: 0.2510 / 0.2425 / 0.2326 🎯
Stop Loss: 0.2737 ⚠️
Sellers have locked this supply zone between 0.2595 and 0.2623, and the weak bounce off the lows tells me buyers aren't committing. 📉 Each rejection from this resistance strengthens the downside case, with the next liquidity pool waiting below 0.2510. 💡
The bias stays bearish while price holds below 0.2623. A sweep of the recent lows could trigger a cascade toward the 0.2425 and 0.2326 targets. 🔍 Watch for a daily close below 0.2510 to confirm the continuation. 💬 Do you see this rejection holding, or will buyers step back in before the breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MAGMA #ShortSetup #Bearish #SupplyZone #Crypto
🐻 📉