MAGMA Direction: Short
Entry Point: 0.138
First Take Profit Target: 0.125
Second Target: 0.1
Stop Loss: 0.16
The current price has been strongly rejected at a local high, and a lower high has appeared in the lower time frame.
Selling pressure is gradually gaining the upper hand, while buying power is declining.
If MAGMA cannot recover 0.142, there is significant downward space ahead.
If the 0.131 level is lost, a quick pullback may occur.