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$MAGMA (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.4170 - 0.4205
Targets:
TP1: 0.4100
TP2: 0.4020
TP3: 0.3950
Stop Loss: 0.4295
Why this Setup:
I’m still leaning short while price stays under the recent 0.42 rejection area. I want a move back into the lower part of the range first, then continuation toward the prior support zones if sellers keep control.