🔥 $MAGMA: Prepare for the Next Leg Down! 📉
Entry Zone: 0.1600 – 0.1650
Target 1: 0.1510
Target 2: 0.1460
Target 3: 0.1400 Stop-Loss: 0.1710
This isn’t a bounce – it’s a breakdown. $MAGMA experienced a powerful rejection at 0.183, triggering a swift and decisive sell-off that shattered key support levels.
Currently, price is consolidating under resistance on the 4H chart, and the Parabolic SAR indicator confirms sellers are firmly in control. This sideways movement isn’t a sign of strength; it’s a breather before the next wave lower. 🐻
As long as $MAGMA remains below that critical breakdown zone, expect continued downside. Manage your risk and trade smart!
#MAGMA #CryptoTrading #Bearish #TradeSetup 🚀