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$MAGMA (1h) - Bearish Breakdown Continuation
Bias: Short
Entry (Zone): 0.4150 - 0.4185
Targets:
TP1: 0.4090
TP2: 0.4020
TP3: 0.3950
Stop Loss: 0.4285
Why this Setup:
I’m seeing price lose momentum after the recent rejection and a clean failure to reclaim the 0.42 area. I want to short any weak bounce back into resistance, with room for a continuation move toward the recent support bands if sellers stay in control.