$MAGMA SHORT SETUP AT KEY RESISTANCE WITH 3 TARGETS 🔥
Entry: 0.57000 - 0.58000 🔥
Target: 0.50000 🚀
Target: 0.46747 🚀
Target: 0.43861 🚀
Stop Loss: 0.65000 ⚠️
Price is rejecting from the 0.57000-0.58000 resistance zone, a level that has historically attracted sellers. The short targets are structured to capture a cascade of support breaks, with TP3 aligning with the EMA 50/100/200 confluence and an old structure shift level. This setup offers multiple profit-taking opportunities with a well-defined risk above 0.65000. The rejection candle on the 1H shows increasing sell pressure.
Are you taking this short from the current wick?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #ResistanceReject #Crypto
🔥
Entry: 0.57000 - 0.58000 🔥
Target: 0.50000 🚀
Target: 0.46747 🚀
Target: 0.43861 🚀
Stop Loss: 0.65000 ⚠️
Price is rejecting from the 0.57000-0.58000 resistance zone, a level that has historically attracted sellers. The short targets are structured to capture a cascade of support breaks, with TP3 aligning with the EMA 50/100/200 confluence and an old structure shift level. This setup offers multiple profit-taking opportunities with a well-defined risk above 0.65000. The rejection candle on the 1H shows increasing sell pressure.
Are you taking this short from the current wick?
Not financial advice. Always manage your risk.
#MAGMA #ShortSetup #ResistanceReject #Crypto
🔥