$MAGMA (1h) - Resistance Rejection Short


Bias: Short
Entry (Zone): 0.5020 - 0.5100
Targets:
TP1: 0.4920
TP2: 0.4820
TP3: 0.4720
Stop Loss: 0.5165
Why this Setup:
I’m looking for a rejection near the recent resistance band after the strong rebound, since price has already failed to build clean acceptance above the highs. If momentum fades here, I expect a rotation back into the prior consolidation and lower liquidity around the mid-0.48s to 0.47s.
MAGMA14.95%
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