$MAGMA spiked aggressively into the 0.145–0.147 zone but failed to hold, leaving a clear rejection wick and strong sell response. That move marked a liquidity grab, followed by a sharp breakdown back below the EMA cluster, shifting structure bearish again.
Price is now consolidating under short-term EMAs, with lower highs forming and momentum fading on each bounce. The reaction from 0.130 was corrective only, and buyers are struggling to reclaim key levels. As long as price stays capped below the 0.136–0.138 zone, downside continuation remains favored.
This is consolidation after distribution, not accumulation.
🔻 Short Scalp Trade Signal
Entry Zone: 0.1350 – 0.1375
TP1: 0.1310
TP2: 0.1285
Stop Loss: 0.1405
Leverage: 20x – 50x
Margin: 2% – 5%
Risk Management: Secure partial at TP1 and move stop to entry
Short
#MAGMA Here 👇👇