$MAGMA (1h) - Short


Bias: Short
Entry (Zone): 0.4160 - 0.4200
Targets:
TP1: 0.4040
TP2: 0.3940
TP3: 0.3840
Stop Loss: 0.4295
Why this Setup:
I’m watching the failed bounce into resistance after the sharp selloff, and I want to short any weak reclaim under the recent intraday supply. The structure still favors continuation lower while price keeps losing momentum below the 0.42 area, so I’m targeting a move back toward the prior base and lower support.
MAGMA-13.89%
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