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$MAGMA (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.4120 - 0.4180
Targets:
TP1: 0.4010
TP2: 0.3920
TP3: 0.3840
Stop Loss: 0.4235
Why this Setup:
I’m staying short while price keeps rejecting the 0.42 area after the sharp move down and weak bounce. I want a clean retrace into resistance, with room for continuation back toward the recent support band if sellers stay in control.