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📉 $MAGMA – The downtrend in MAGMA continues, as the asset tests its recent lows.
🔴 $MAGMA SHORT
🎯 Entry: 0.33901 – 0.34003
🛑 Stop Loss: 0.36668
🎯 TP: 0.29844 - 0.27841 - 0.25804
🧠 Plan & Logic
We observe a strong downtrend across multiple timeframes, from 4 hours down to 5 minutes. Price action is reacting near an important level, so risk management matters here. The setup depends on confirmation around the entry zone and follow-through after the move.
Trade $MAGMA here 👇 📉 🔻