:::writing{variant="social_post" id="47195"} 🔻 $MAGMA USDT BEARISH PRESSURE DOMINATES – SELLERS STILL IN CONTROL AFTER SHARP REJECTION!

MAGMA has experienced a strong decline from the 24h high of 0.60441 and is currently trading around 0.38500, showing significant weakness. The failure to hold above key higher levels indicates that sellers remain dominant, and any short-term bounce may face resistance unless buyers reclaim major support-turned-resistance zones.

📉 Trade Setup (Short)

Entry: 0.3850 – 0.4000

TP1: 0.3620

TP2: 0.3400

TP3: 0.3100

SL: 0.4250

🎯 Market Outlook:

The short-term trend remains bearish while price trades below 0.4000. A break below 0.3620 could trigger another wave of selling pressure toward lower support levels. Traders should remain cautious of volatility, but the current structure favors sellers until a strong bullish reversal develops.

#MAGMA #MAGMAUSDT #cryptotrading #bearishmomentum #futures :::