$MAGMA JUST GOT REJECTED AT $0.756 - SHORT SETUP ACTIVE 🔻
Entry: $0.460 - $0.470 🔥
Target: $0.430 🚀
Stop Loss: $0.515 ⚠️
That rejection at $0.756 was sharp — daily candle shows clear profit-taking after the rally. The failure to reclaim $0.50 tells me sellers are in control for now. Volume is dropping on the bounce, momentum is fading.
Short-term bias is bearish, but don't confuse this with a reversal — the larger trend is still up. A break below $0.443 likely accelerates the move to $0.430.
Are you shorting this setup or waiting for a clear breakdown?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Bearish #Crypto
⚡
Entry: $0.460 - $0.470 🔥
Target: $0.430 🚀
Stop Loss: $0.515 ⚠️
That rejection at $0.756 was sharp — daily candle shows clear profit-taking after the rally. The failure to reclaim $0.50 tells me sellers are in control for now. Volume is dropping on the bounce, momentum is fading.
Short-term bias is bearish, but don't confuse this with a reversal — the larger trend is still up. A break below $0.443 likely accelerates the move to $0.430.
Are you shorting this setup or waiting for a clear breakdown?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Bearish #Crypto
⚡