$MAGMA 💪 Massive Sell-Side Volume on
$MAGMA at 3.5x
- With the current structure and huge selling volume, I expect more downside unless there’s a strong reclaim above 0.45020.
- My primary expectation is for further downside toward 0.41459, possibly even 0.39435 if the selling continues.
- Short entry example: If price bounces to 0.44012–0.45020 and stalls with bearish reversal candles (shooting star, bearish engulfing, or clear lower high on 5m/15m), consider shorting.
- Take profit zones: First target 0.41459, second target 0.39435.
- Stop loss should be set above the most recent swing high seen on the rejection move (not a fixed value — wait for the actual price action to show where sellers dominate).
- Only consider longs if you see a deep sweep below 0.41459 with a strong reversal candle and volume recovery on lower timeframes, confirming absorption and possible manipulation.
📝 This is not investment advice, just an educational report based on current chart structure and smart money concepts. Trade safe and always wait for confirmation before entering!
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