$MAGMA is showing clear structural weakness but holding a key discount zone.
The lower timeframe remains controlled by seller pressure, but a reaction is due.
Trade setup:
Entry: 0.16800 - 0.17150
Target: 0.18900
Stop Loss: 0.16250
Liquidity has been swept below 0.16350, and price is currently reacting off the daily low. MACD shows slowing bearish momentum. A reclaim of 0.17130 could trigger a quick squeeze toward the first resistance.
Let’s go and Trade now $MAGMA
MAGMA
Alpha
0.26038
+16.48%