$MAGMA — Rejection Loading Near 0.4890, Massive Flush Could Be Next...
Trade Plan: Short $MAGMA
Enter: 0.46 - 0.49
SL: 0.51493
TP: 0.38148 | 0.28909 | 0.20623
Why this Setup?
Price has pushed into the 0.48812–0.48897 resistance zone after a strong vertical rally, showing signs of exhaustion near the highs. A rejection from this supply area could trigger a sharp unwind toward 0.38148, followed by 0.28909 and 0.20623. As long as 0.51493 holds, the bearish setup remains valid.
Click here to Trade 👇 $MAGMA
Trade Plan: Short $MAGMA
Enter: 0.46 - 0.49
SL: 0.51493
TP: 0.38148 | 0.28909 | 0.20623
Why this Setup?
Price has pushed into the 0.48812–0.48897 resistance zone after a strong vertical rally, showing signs of exhaustion near the highs. A rejection from this supply area could trigger a sharp unwind toward 0.38148, followed by 0.28909 and 0.20623. As long as 0.51493 holds, the bearish setup remains valid.
Click here to Trade 👇 $MAGMA
