$MAGMA SHORT 20x 🔻 | The setup I’ve been watching has finally activated.
MAGMA has reached the exact supply zone I was waiting for—no random entry, no chasing. The short is now active, and this resistance area remains the key level keeping the setup valid.
📌 Trade Plan
Entry: 0.48096 – 0.48831
TP1: 0.43300
TP2: 0.39857
TP3: 0.34694
SL: 0.55349
🔎 Why I’m watching this short:
• 4H structure continues to favor the downside.
• Price has entered the 0.48096–0.48831 reaction zone.
• 15M RSI around 77 shows overheated momentum and potential rejection.
• Volume is elevated at 1.14x, with 3.12M traded vs. 2.73M expected.
The setup is clear. Now it’s 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? 👀
MAGMA has reached the exact supply zone I was waiting for—no random entry, no chasing. The short is now active, and this resistance area remains the key level keeping the setup valid.
📌 Trade Plan
Entry: 0.48096 – 0.48831
TP1: 0.43300
TP2: 0.39857
TP3: 0.34694
SL: 0.55349
🔎 Why I’m watching this short:
• 4H structure continues to favor the downside.
• Price has entered the 0.48096–0.48831 reaction zone.
• 15M RSI around 77 shows overheated momentum and potential rejection.
• Volume is elevated at 1.14x, with 3.12M traded vs. 2.73M expected.
The setup is clear. Now it’s 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? 👀