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retracetrade
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$MAGMA SHORTS PILE IN AFTER 70% RALLY โ REJECTION TRADE ๐ฅ
Entry: 0.718 ๐ฅ
Target: 0.680 ๐
Stop Loss: 0.750 โ ๏ธ
After a 70% surge from 0.48 to 0.83, $MAGMA is stalling at 0.718. Short interest has jumped to 56% โ a clear sign of aggressive rejection at resistance. The daily structure is forming lower highs, and volume is declining on the pullback, suggesting momentum is fading.
Are you shorting this retrace or waiting for a sweep of the recent high?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Rejection #RetraceTrade
๐ฅ
Entry: 0.718 ๐ฅ
Target: 0.680 ๐
Stop Loss: 0.750 โ ๏ธ
After a 70% surge from 0.48 to 0.83, $MAGMA is stalling at 0.718. Short interest has jumped to 56% โ a clear sign of aggressive rejection at resistance. The daily structure is forming lower highs, and volume is declining on the pullback, suggesting momentum is fading.
Are you shorting this retrace or waiting for a sweep of the recent high?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Rejection #RetraceTrade
๐ฅ
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