$MAGMA is getting interesting after that liquidity sweep.
Open interest is expanding with the move, and volume is backing the move.
The idea stays interesting while sellers can defend $0.23144–$0.23307. The setup is invalid if price cleanly crosses $0.23662.
Would you take the retest on $MAGMA, or wait for one more confirmation?
#MAGMA #Trading
Trade plan: SHORT
Entry: $0.23144 - $0.23307
SL: $0.23662
TP1: $0.22587
TP2: $0.22587
TP3: $0.22251
Open interest is expanding with the move, and volume is backing the move.
The idea stays interesting while sellers can defend $0.23144–$0.23307. The setup is invalid if price cleanly crosses $0.23662.
Would you take the retest on $MAGMA, or wait for one more confirmation?
#MAGMA #Trading
Trade plan: SHORT
Entry: $0.23144 - $0.23307
SL: $0.23662
TP1: $0.22587
TP2: $0.22587
TP3: $0.22251
