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