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$MAGMA | 1h | Short Setup
Bias: Short
Entry Zone: 0.3490 to 0.3560
Stop Loss: 0.3645
Targets:
TP1: 0.3380
TP2: 0.3300
TP3: 0.3220
Invalidation:
Close above 0.3645
Why This Setup:
I’m shorting the failed bounce into the 0.35–0.36 resistance area after the sharp selloff from the recent spike. The structure still favors continuation lower as long as price keeps rejecting the breakdown zone and loses the mid-range support.