$MAGMA Price shows heavy volatility after a sharp rejection from the highs, failing to establish any bullish structure. Momentum remains unstable and seller-driven.
Liquidity was aggressively swept above 0.18 and instantly sold into, confirming exhaustion and lack of acceptance higher.
Support and resistance are clearly defined.
Upside resistance stands at 0.155–0.175.
Downside support lies at 0.123–0.105 as continuation targets.
Bias remains bearish.
Short Trade Signal
Margin: 20x – 50x (Cross)
Entry 1: 0.155
Entry 2: 0.175
TP1: 0.123
TP2: 0.105
SL: 0.188
Short
#MAGMA Here 👇🏻👇🏻