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$MAGMA (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.4080 - 0.4135
Targets:
TP1: 0.3980
TP2: 0.3900
TP3: 0.3785
Stop Loss: 0.4255
Why this Setup:
I’m still fading the move while price loses momentum under the recent 0.42 rejection area. I want a short on any weak push back into resistance, with a tight invalidation above the swing high and room to revisit the prior range lows.