Посты
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SnEmroz
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Падение$MAGMA Short Setup 4h Chart🔴
Double Top M pattern at resistance
Price made a first top near 0.4088 and then dropped to the 0.2430 to 0.2490 support. It has now bounced back and made a second top near 0.3969 under the same resistance zone. The second top is slightly lower than the first so buyers are losing strength. That support is the neckline of the M pattern. If price fails to break above 0.4088 a drop toward 0.3726 and then 0.2829 is likely. A close below the neckline would confirm the full breakdown.
🔴Short Entry 0.38315
Take Profits
TP1 0.37261
TP2 0.32000
TP3 0.28290
Stop Loss 0.42908
#magma
Double Top M pattern at resistance
Price made a first top near 0.4088 and then dropped to the 0.2430 to 0.2490 support. It has now bounced back and made a second top near 0.3969 under the same resistance zone. The second top is slightly lower than the first so buyers are losing strength. That support is the neckline of the M pattern. If price fails to break above 0.4088 a drop toward 0.3726 and then 0.2829 is likely. A close below the neckline would confirm the full breakdown.
🔴Short Entry 0.38315
Take Profits
TP1 0.37261
TP2 0.32000
TP3 0.28290
Stop Loss 0.42908
#magma