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$MAGMA | 1h | Breakdown Retest Short
Bias: Short
Entry Zone: 0.3340 to 0.3400
Stop Loss: 0.4165
Targets:
TP1: 0.2755
TP2: 0.2355
TP3: 0.1750
Invalidation:
Close above 0.4165
Why This Setup:
I’m shorting the failed breakdown and retest of the 0.34 area after a sharp rejection from the recent swing high. Price is losing momentum back into the prior range, and a clean move below the local lows opens room toward the next support pockets.