Guys $MAGMA is showing a clean rejection setup right here ⚡
Entry: 0.3180 - 0.3195
🎯 TP1: 0.3080
🎯 TP2: 0.2988
Price spiked straight into resistance at 0.3216 on massive volume, but closed with a clear fakeout signal. The upside move is losing steam fast as sellers take control at key resistance.
If we see price stay below resistance, looking for a retest down toward 0.3080 and 0.2988.
Let's see if the rejection plays out 👀
Entry: 0.3180 - 0.3195
🎯 TP1: 0.3080
🎯 TP2: 0.2988
Price spiked straight into resistance at 0.3216 on massive volume, but closed with a clear fakeout signal. The upside move is losing steam fast as sellers take control at key resistance.
If we see price stay below resistance, looking for a retest down toward 0.3080 and 0.2988.
Let's see if the rejection plays out 👀