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MAGMA – From 0.48 to 0.83. Now cooling off. 🌋
Price: 0.718. High: 0.835. Low: 0.482.
It pumped hard. Now it's stalling. Shorts are piling in at 56%. I'm joining them – this looks like a rejection.
If 0.75 breaks, I'm wrong. Until then, I'm shorting the retrace.
👇 My trade setup:
· Entry: 0.718 (current)
· SL: 0.750
· Targets: 0.680 / 0.650
Disclaimer: Not financial advice. Manage your risk.
$MAGMA