$MAGMA has made a strong move recently, but the key question is whether buyers can maintain this momentum or if selling pressure will start to build. If the price faces rejection near resistance, a pullback toward lower support levels could present a potential short opportunity.
Trading Ideas Short $MAGMA
Entry: 0.350 - 0.364
SL: 0.378
TP1: 0.342
TP2: 0.326
TP3: 0.315
Watch the entry zone closely and wait for bearish confirmation before entering. If sellers regain control, the downside targets may come into focus. Keep your risk under control, respect your stop-loss, and avoid chasing price after a sharp move.
DYOR (Do Your Own Research).
Trading Ideas Short $MAGMA
Entry: 0.350 - 0.364
SL: 0.378
TP1: 0.342
TP2: 0.326
TP3: 0.315
Watch the entry zone closely and wait for bearish confirmation before entering. If sellers regain control, the downside targets may come into focus. Keep your risk under control, respect your stop-loss, and avoid chasing price after a sharp move.
DYOR (Do Your Own Research).
