Keeping $MAGMA on my close watchlist as it tests a heavy resistance zone that looks ideal for a potential short entry. While the explosive pump has been powerful, the chart is reaching a heavy supply block where bears are expected to step in. A clear rejection here could trigger a sharp retracement, so waiting for confirmation is key.
Entry: 0.352 - 0.358
TP1: 0.320
TP2: 0.285
TP3: 0.245
SL: 0.369
$HEMI $TUT