🔥 $MAGMA USDT – Trend Flip Confirmed, Sellers in Control
MAGMA topped at 0.1488 and has been bleeding lower, now trading around 0.1336 on the 1H chart.
What’s happening on the chart 👇
Clean lower highs & lower lows → bearish structure
Price rejected hard from MA(99) and failed above MA(25)
MA(7) < MA(25) < MA(99) → textbook bearish alignment
Volume fading → weak bounce attempts, no strong buyers
Key Levels
Support: 0.133 → 0.130 (critical)
Breakdown below: 0.130 → opens 0.125 / 0.120
Resistance: 0.139 – 0.142
Trend reclaim only above: 0.145+
Bias
Below 0.14 → rallies are sell-the-bounce
Bulls need a strong reclaim with volume to change structure
Momentum favors patience and discipline here ⚠️
#MAGMA #MAGMAUSDT #CryptoPerps #PriceAction #RiskManagement $MAGMA