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$MAGMA (1h) - Pullback Short
Bias: Short
Entry (Zone): 0.5550 - 0.5650
Targets:
TP1: 0.5300
TP2: 0.5000
TP3: 0.4700
Stop Loss: 0.5820
Why this Setup:
I see MAGMA stretched after an impulsive move into resistance, and I’m looking for a failed breakout or rejection to confirm weakness. I want to short the pullback area only if price loses momentum and starts rolling over from this zone.