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$MAGMA | 1h | Breakdown Retest Short
Bias: Short
Entry Zone: 0.4500 to 0.4660
Stop Loss: 0.5360
Targets:
TP1: 0.4200
TP2: 0.4000
TP3: 0.3700
Invalidation:
Close above 0.5360
Why This Setup:
I see a failed blow-off move into the 0.72 area followed by a sharp selloff and weak consolidation below the 0.48-0.52 zone. I’m looking for any retest of broken support to reject and continue toward the prior range lows.