SHORT $MAGMA AT RESISTANCE — HIGH REWARD SETUP 🔥
Entry: 0.57000-0.58000 🔥
Target: 0.50000 🚀
Stop Loss: 0.6500 ⚠️
This is a textbook short at the top of a recent range. Price rejected the 0.57-0.58 zone twice in the last 12 hours with heavy volume on the 1H candle close. If momentum breaks below 0.55, the drop to 0.50 is the fastest path.
Additional targets at 0.46747 and 0.43861 align with key EMAs and an old structure break — clean levels to scale out. Risk is tight above 0.65. What’s your plan if this sweeps before dropping?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Crypto #ResistanceReject
🔥
Entry: 0.57000-0.58000 🔥
Target: 0.50000 🚀
Stop Loss: 0.6500 ⚠️
This is a textbook short at the top of a recent range. Price rejected the 0.57-0.58 zone twice in the last 12 hours with heavy volume on the 1H candle close. If momentum breaks below 0.55, the drop to 0.50 is the fastest path.
Additional targets at 0.46747 and 0.43861 align with key EMAs and an old structure break — clean levels to scale out. Risk is tight above 0.65. What’s your plan if this sweeps before dropping?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #Crypto #ResistanceReject
🔥