MAGMA
Alpha
0.13457
-5.89%
$MAGMA — Sharp Sell-Off Keeps Bears in Control
$MAGMA is facing heavy selling pressure after a clear rejection from the upper resistance zone. Momentum remains firmly bearish, and without a strong buyer response, price is vulnerable to further downside toward lower support levels.
Trade Setup (Short):
Entry Zone: 0.135 – 0.145
Target: 0.110
Stop-Loss: 0.165
As long as price stays below the rejection area, the bias remains to the downside. Manage risk carefully and avoid overexposure in high volatility.