MAGMA just punched the downside, now hugging the 0.12 resistance level.
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๐ด
$MAGMA SHORT ๐
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๐ Entry Range: $0.263716 โ $0.264244
๐ Stop Loss: $0.271899 (-3.0%)
๐ฏ TP1: $0.260020 (+1.5%)
๐ TP2: $0.250781 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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We saw a CHoCH on the 5โmin, CVD flipping negative, a fresh FVG overlapping an OB and a liquidity sweep that hit the POI, all lining up for a short. The price structure is clearly descending, so the setup feels solid.
A 3.0% stop is fairly tight, so stay around 5โ10x leverage.
Take half profit once it reaches the first target near 0.11.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$MAGMA #MAGMAUSDT #AIStocksWhatNext #TradingSignals #Write2Earn