$MAGMA – RESISTANCE REJECTION, SHORT SETUP IN PLAY

#MAGMA is currently bouncing into a key resistance zone but showing clear signs of weakness, with price stalling and losing momentum on the retest.

TRADE PLAN – SHORT

Entry Zone: 0.189 – 0.201

Stop Loss: 0.215

Take Profit

TP1: 0.175

TP2: 0.158

TP3: 0.142

MARKET STRUCTURE

Price is failing to build strong continuation at resistance, instead printing weaker highs and hesitation. This often signals seller absorption and potential reversal back into lower support zones.

OUTLOOK

If momentum continues to fade at this level, downside continuation becomes likely. A break above 0.215 would invalidate the bearish setup and shift structure back to bullish.

Trade here $MAGMA

MAGMAUSDT

Διην.

0.21373

-0.02%