$MAGMA （Sustainable）| 15 minutes 📉
After a significant drop from 0.156, the price is currently trading around 0.135.
Price briefly rebounded at the support level of 0.131, but remains below both MA(25) and MA(99)—indicating a weak trend with sellers still in control.
The key area I'm closely monitoring is 0.136–0.138. This zone overlaps with multiple moving averages and previous breakout levels, so a rejection here would further favor a continued downward move. A confirmed break below 0.131 would confirm further weakness.
I don't speculate—only wait for confirmation and strictly manage risk.
📌 Trading Plan (Main Strategy: Short)
Entry Zone:
0.136 – 0.138 (upon rejection signal / bearish candlestick)
Target Levels:
TP1: 0.131
TP2: 0.126
TP3: 0.120
Stop Loss:
0.142
🔍 Why This Strategy Works
Trading with the trend, not against it
Price is below key moving averages, indicating bearish control
0.136–0.138 is a strong resistance/rejection zone after the drop
Clear structure: well-defined risk, clear invalidation point, and reasonable targets
A volume breakout below 0.131 could accelerate the decline
If price reclaims above 0.142, I exit immediately—no bias, no emotion
Rational trading, capital protection always comes first.
$MAGMA
