$MAGMA / USDT Trade Update 🔴🚦

MAGMAUSDT

Διην.

0.14263

+8.06%

BEARISH STRUCTURE & SUPPORT TEST

MAGMA failed to hold previous demand and is now consolidating below a key resistance zone, showing weakness after a prolonged distribution phase. Sellers remain in control while price stays capped below resistance.

📊 Trade Setup (Short Bias):

Entry Zone: 0.133 – 0.136

Target 1: 0.125

Target 2: 0.118

Target 3: 0.105

Stop Loss: 0.148

📉 Market Outlook:

As long as price stays below 0.145, bearish momentum may continue. A breakdown below 0.129–0.130 can accelerate downside toward the next demand zone. Avoid early longs until a strong reclaim with volume.

#MAGMA #BTC90kChristmas #StrategyBTCPurchase #CPIWatch #BTCVSGOLD