📉 TRADE SETUP: SWING SHORT $MAGMA
(3H)
The price is printing a clear distribution structure after a massive impulsive wave. We are stepping in to catch the deep retracement back to the origin of the breakout.
📍 Entry: ~ 0.14319 (Current Market Price / Limit around this zone)
🚫 Stop Loss: 0.16085 (Placed safely above the local double-top resistance)
🎯 Take Profit: 0.09498 (Targeting the original demand zone / base of the impulse)
📊 Technical Context:
• Market Structure: After a massive pump, $MAGMA is showing severe buyer exhaustion at the top, forming a distribution phase with local lower highs.
• Trade Logic: Shorting the resistance retest. If the current support fails to hold, there is a massive liquidity void below, meaning the price could easily cascade all the way down to the 0.094 level.
• Risk Management: This is a swing trade with a high R:R ratio. Keep your position sizing reasonable and strictly respect the SL.
Trade here 👇👇👇
$$BTC
