$MAGMA + $MEGA both charts are showing weakness guys. The structure is pretty clear to me: both had strong pumps, both got rejected hard, and now price is trying to hold lower support.
🔴 #MAGMAUSTD SHORT SETUP
SL: 0.2445
TP: 0.2250 / 0.2160
Resistance: 0.2400–0.2450 / 0.2600
Support: 0.2300 / 0.2160
Why short?
The rejection from the highs + lower momentum on the 1H chart makes me cautious about chasing longs here. If 0.23 breaks with confirmation, the next move can get sharper.
🔴 #Mega SHORT SETUP
SL: 0.0508
TP: 0.0465 / 0.0445
Resistance: 0.0485–0.0500 / 0.0520
Support: 0.0465 / 0.0445
Why short?
The 0.05 breakdown is the key here. Unless MEGA quickly reclaims that area, I’d treat bounces toward resistance as potential short opportunities.
OPEN TRADE 👇🏻
$MOVR #TradingSetup
🔴 #MAGMAUSTD SHORT SETUP
SL: 0.2445
TP: 0.2250 / 0.2160
Resistance: 0.2400–0.2450 / 0.2600
Support: 0.2300 / 0.2160
Why short?
The rejection from the highs + lower momentum on the 1H chart makes me cautious about chasing longs here. If 0.23 breaks with confirmation, the next move can get sharper.
🔴 #Mega SHORT SETUP
SL: 0.0508
TP: 0.0465 / 0.0445
Resistance: 0.0485–0.0500 / 0.0520
Support: 0.0465 / 0.0445
Why short?
The 0.05 breakdown is the key here. Unless MEGA quickly reclaims that area, I’d treat bounces toward resistance as potential short opportunities.
OPEN TRADE 👇🏻
$MOVR #TradingSetup
