$MAGMA Parabolic Move — Exhaustion Signs Appearing. Go Short Now🔥
$MAGMA has gone nearly vertical, and now the chart is showing clear signs of exhaustion, increasing the probability of a pullback.
🚨 Trade Setup (Short)
📊 Entry Zone: $0.260 – $0.280
🛑 Stop Loss: $0.295
🎯 Targets:
TP1: $0.240
TP2: $0.225
TP3: $0.195
TP4: $0.150
💡 Why this setup?
- Price has surged 60%+ in a short time (parabolic move)
- RSI above 95 → extremely overbought
- Facing resistance near $0.274 with rejection wicks
- Momentum is slowing while price is far from key moving averages