$MAGMA BEARISH STRUCTURE IN CONTROL, RELIEF BOUNCE SHORT SETUP

SHORT MAGMA

Entry: 0.3600 - 0.3680
SL: 0.3775

TP1: 0.3440
TP2: 0.3340
TP3: 0.3265

MAGMA remains trapped in a clear lower-high and lower-low structure after the heavy selloff. The 0.3600–0.3680 area looks like nearby supply, so a weak bounce into that zone could offer a cleaner short. Losing 0.3440 again would expose the recent lows, while a strong reclaim above 0.3775 invalidates the bearish idea.

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