📉 $MAGMA — Bearish Short Setup | Downside Targets in Focus
SHORT 🔴
📍 Entry Zone: $0.496–$0.510
🛑 Stop Loss (SL): $0.535
🎯 Take Profit Targets:
- TP1: $0.470
- TP2: $0.450
📉 Market Analysis:
This short setup focuses on a potential downside move if selling pressure continues within the entry zone. A bearish rejection from this area could give sellers an opportunity to push price toward $0.470, with $0.450 as the next target if momentum remains weak.
For confirmation, watch how price reacts around the entry zone and whether sellers maintain control. If price breaks higher and approaches the stop-loss level, the bearish setup may no longer be valid.
🔑 Key Levels:
- Entry Zone: $0.496–$0.510
- First Support Target: $0.470
- Next Support Target: $0.450
- Invalidation Level: $0.535
⚠️ Risk Note: Wait for bearish confirmation before entering. Manage position size carefully and stick to your stop loss rather than chasing price.
Bearish bias while price faces rejection in the entry zone. 📉
Sell and Trade $MAGMA here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $0.496–$0.510
🛑 Stop Loss (SL): $0.535
🎯 Take Profit Targets:
- TP1: $0.470
- TP2: $0.450
📉 Market Analysis:
This short setup focuses on a potential downside move if selling pressure continues within the entry zone. A bearish rejection from this area could give sellers an opportunity to push price toward $0.470, with $0.450 as the next target if momentum remains weak.
For confirmation, watch how price reacts around the entry zone and whether sellers maintain control. If price breaks higher and approaches the stop-loss level, the bearish setup may no longer be valid.
🔑 Key Levels:
- Entry Zone: $0.496–$0.510
- First Support Target: $0.470
- Next Support Target: $0.450
- Invalidation Level: $0.535
⚠️ Risk Note: Wait for bearish confirmation before entering. Manage position size carefully and stick to your stop loss rather than chasing price.
Bearish bias while price faces rejection in the entry zone. 📉
Sell and Trade $MAGMA here 👇
DYOR.