🚨 $MAGMA is showing a possible continuation setup
Key question: is this correction ending, or is the market setting a trap?
After a powerful SHORT move, the market started correcting on the 15m timeframe.
At the moment, the correction structure is slowing down and price is reacting near an important area.
🎯 Entry idea: 0.47329913 - 0.47476
🔒 Risk level: 0.48295829
🏁 TP1: 0.46492205
🏁 TP2: 0.4426116
If the original momentum returns, price may continue moving in the direction of the main impulse.
🔍 The chart marks:
• impulse phase
• correction
• possible entry
• stop level
• targets
Key question: is this correction ending, or is the market setting a trap?
After a powerful SHORT move, the market started correcting on the 15m timeframe.
At the moment, the correction structure is slowing down and price is reacting near an important area.
🎯 Entry idea: 0.47329913 - 0.47476
🔒 Risk level: 0.48295829
🏁 TP1: 0.46492205
🏁 TP2: 0.4426116
If the original momentum returns, price may continue moving in the direction of the main impulse.
🔍 The chart marks:
• impulse phase
• correction
• possible entry
• stop level
• targets