🔻 SHORT $MAGMA (⏱️ Timeframe: 4H)
📍 Entry: 0.2750 - 0.2900
🛑 SL: 0.3200
🎯 TP1: 0.2200
🎯 TP2: 0.1800
🎯 TP3: 0.1300
Price is currently retesting the broken support zone as new resistance following the violent rejection from the 0.294 high. The market structure shows a clear shift in momentum with the 24h high of 0.29424 now acting as a heavy supply zone . Looking at the broader timeframe, the 0.28-0.32 region has historically been a major resistance cluster , which aligns perfectly with the current retest. Volume suggests distribution as the price attempts to reclaim lost ground, but aggressive selling pressure at the 0.275-0.29 area is likely to cap any upside. A drop toward the 0.22 level is plausible as the recent recovery wave begins to exhaust itself.
Trade Here 👉
$DASH
$ZEC
#MAGMA #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
📍 Entry: 0.2750 - 0.2900
🛑 SL: 0.3200
🎯 TP1: 0.2200
🎯 TP2: 0.1800
🎯 TP3: 0.1300
Price is currently retesting the broken support zone as new resistance following the violent rejection from the 0.294 high. The market structure shows a clear shift in momentum with the 24h high of 0.29424 now acting as a heavy supply zone . Looking at the broader timeframe, the 0.28-0.32 region has historically been a major resistance cluster , which aligns perfectly with the current retest. Volume suggests distribution as the price attempts to reclaim lost ground, but aggressive selling pressure at the 0.275-0.29 area is likely to cap any upside. A drop toward the 0.22 level is plausible as the recent recovery wave begins to exhaust itself.
Trade Here 👉
$DASH
$ZEC
#MAGMA #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
