Many traders are asking about the $MAGMA stop loss and whether the setup is still valid.
The answer is simple :
🎯 For LONG trades, the stop loss is always below the key support zone. 🎯 For SHORT trades, the stop loss is always above the key resistance zone.
A stop loss isn't a random number. It's the level where the chart proves your trade idea is wrong.
#MAGMA lost support and triggered the invalidation zone, which is exactly why stop losses exist—to protect capital. However, after the sharp flush and liquidation event, price is now testing a major support area again.
I still see $MAGMA as a valid entry for traders willing to manage risk properly.
💰 MAGMA LONG SETUP
🔼 LONG
✳️ ENTRY: 0.380, 0.37, 0.362
🎯 TARGETS: 0.394, 0.410, 0.4250, 0.4500, 0.50, 0.60, 1
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.345
The first rule of trading is not making money.
It's protecting the money you already have.
Stay disciplined, respect the stop loss, and let the probabilities play out.
#MyGateTradeStory
The answer is simple :
🎯 For LONG trades, the stop loss is always below the key support zone. 🎯 For SHORT trades, the stop loss is always above the key resistance zone.
A stop loss isn't a random number. It's the level where the chart proves your trade idea is wrong.
#MAGMA lost support and triggered the invalidation zone, which is exactly why stop losses exist—to protect capital. However, after the sharp flush and liquidation event, price is now testing a major support area again.
I still see $MAGMA as a valid entry for traders willing to manage risk properly.
💰 MAGMA LONG SETUP
🔼 LONG
✳️ ENTRY: 0.380, 0.37, 0.362
🎯 TARGETS: 0.394, 0.410, 0.4250, 0.4500, 0.50, 0.60, 1
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.345
The first rule of trading is not making money.
It's protecting the money you already have.
Stay disciplined, respect the stop loss, and let the probabilities play out.
#MyGateTradeStory
