$MAGMA (1h) - Bearish Rejection Setup


Bias: Short
Entry (Zone): 0.4450 - 0.4520
Targets:
TP1: 0.4300
TP2: 0.4050
TP3: 0.3850
Stop Loss: 0.4680
Why this Setup:
I see price pushing into a heavy resistance area after a sharp impulse, and the latest candles look like they’re stalling instead of accepting above the breakout zone. I want to fade strength on a rejection, looking for a move back into the prior range and then toward the next liquidity pockets below.
MAGMA17.77%
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