$MAGMA Facing Resistance After a Strong Rally, Pullback Possible 📉
Trade Setup: Short
Entry Zone: 0.4450 – 0.4550
TP1: 0.4300
TP2: 0.4150
TP3: 0.4000
SL: 0.4850
$MAGMA has made a strong upward move from the 0.25 zone toward 0.48 resistance. Price is now showing signs of hesitation near the highs. If selling pressure increases, a pullback toward lower support levels could follow. A breakout above resistance may invalidate this bearish setup.
Trade $MAGMA 👇
Trade Setup: Short
Entry Zone: 0.4450 – 0.4550
TP1: 0.4300
TP2: 0.4150
TP3: 0.4000
SL: 0.4850
$MAGMA has made a strong upward move from the 0.25 zone toward 0.48 resistance. Price is now showing signs of hesitation near the highs. If selling pressure increases, a pullback toward lower support levels could follow. A breakout above resistance may invalidate this bearish setup.
Trade $MAGMA 👇
