After the strong rejection from the upper zone, $MAGMA price failed to reclaim previous support and is now printing lower highs with consistent selling pressure. The bounce attempts are weak and getting absorbed quickly, which confirms sellers are still in control. Structure remains bearish as price continues to respect the downside range.

Trade Setup (Short):

Entry range: 0.1350 – 0.1375

Target 1: 0.1320

Target 2: 0.1295

Target 3: 0.1268

Stop Loss (SL): 0.1410

Market Outlook:

Short-term bias stays bearish. As long as price remains below the rejection zone, further downside continuation toward lower liquidity levels is expected.