$MAGMA SHORT HITS TARGET TWO AS SELLERS MAINTAIN CONTROL 📉
$MAGMA remains in a clear bearish trend following the recent break of structure. The current price action confirms that supply is overwhelming demand, with the asset failing to reclaim key resistance levels on the lower timeframes.
Sellers are firmly in control as we see consistent lower highs and lower lows forming on the 4H chart. With TP2 secured, the priority shifts to protecting realized gains while trailing the stop loss to lock in the remaining position.
Are you holding the remainder of your short or closing the full position here?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #MarketStructure #TradingStrategy
🎯
$MAGMA remains in a clear bearish trend following the recent break of structure. The current price action confirms that supply is overwhelming demand, with the asset failing to reclaim key resistance levels on the lower timeframes.
Sellers are firmly in control as we see consistent lower highs and lower lows forming on the 4H chart. With TP2 secured, the priority shifts to protecting realized gains while trailing the stop loss to lock in the remaining position.
Are you holding the remainder of your short or closing the full position here?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #MarketStructure #TradingStrategy
🎯