$MAGMA Short Setup
Entry: 0.5250 – 0.5400
SL: 0.5650
TP1: 0.5000
TP2: 0.4750
TP3: 0.4500
TP4: 0.4200
⚠️ Counter-trend fade, size small — this is a short against upper channel resistance inside a broader uptrend, not a trend reversal call.
SuperTrend and both EMAs remain fully bullish underneath.
Price just rejected the upper trendline for the second time on this chart, same line that capped the move days ago.
The rejection candle wicked well above the entry zone before closing back inside the channel — a clean fade, not a breakdown.
Lower trendline near EMA 50 is the target zone if this rolls over toward the bottom of the channel.
Trade here 👇👇
$LAB $VELVET
Entry: 0.5250 – 0.5400
SL: 0.5650
TP1: 0.5000
TP2: 0.4750
TP3: 0.4500
TP4: 0.4200
⚠️ Counter-trend fade, size small — this is a short against upper channel resistance inside a broader uptrend, not a trend reversal call.
SuperTrend and both EMAs remain fully bullish underneath.
Price just rejected the upper trendline for the second time on this chart, same line that capped the move days ago.
The rejection candle wicked well above the entry zone before closing back inside the channel — a clean fade, not a breakdown.
Lower trendline near EMA 50 is the target zone if this rolls over toward the bottom of the channel.
Trade here 👇👇
$LAB $VELVET