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$MAGMA (1h) - Momentum Short
Bias: Short
Entry (Zone): 0.2690 - 0.2715
Targets:
TP1: 0.2630
TP2: 0.2580
TP3: 0.2500
Stop Loss: 0.2760
Why this Setup:
I’m looking for a short because price pushed hard into the recent highs and is now stalling just under resistance. I want to fade a weak retest of the 0.2690 area and ride a pullback toward the prior breakout levels if momentum fades.
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