$MAGMA showing a bounce, but the structure still looks weak.
$MAGMA — SHORT Setup
Entry: 0.210 – 0.218
SL: 0.235
TP1: 0.190
TP2: 0.175
TP3: 0.155
This move up looks more like a relief bounce after the dump, not real strength. Lower highs are forming and sellers still seem in control. If price fails to reclaim and hold above 0.22, downside continuation is likely. Manage risk.