๐ป $MAGIC /USDT Short Setup โ Potential Breakdown Ahead! ๐ป
๐ Entry Zone: $0.1560
๐ฏ Profit Targets:
โ Target 1: $0.1500 (Initial support level)
โ Target 2: $0.1450 (Breakdown confirmation)
โ Target 3: $0.1359 (Major support & 24h low)
๐ Stop Loss: $0.1625 (Above recent rejection area)
๐ Market Structure & Key Levels:
๐ธ Resistance: $0.1750 (Recent high)
๐ธ Support Areas:
โ๏ธ $0.1500 (Minor support, potential trigger zone)
โ๏ธ $0.1450 (Breakdown confirmation)
โ๏ธ $0.1359 (Strong historical support)
๐ Technical Outlook:
$MAGIC recently experienced a strong upward move, but momentum is fading. If sellers push below $0.1500, it could trigger a deeper correction. Altcoins remain vulnerable, especially if BTC struggles to hold support levels.
โ ๏ธ Risk Management & Trade Strategy:
๐น Risk-to-Reward Ratio: Favorable (1:2+)
๐น Position Sizing: Keep risk 1-2% per trade
๐น Trailing Stop: Adjust SL to breakeven if price hits $0.1500
๐ก Pro Trading Insight:
๐ธ Volume confirmation is keyโwait for strong selling pressure below $0.1500 before increasing exposure.
๐ธ Monitor BTC's movementโif Bitcoin weakens, this short setup could strengthen further.
๐ Stay disciplined, manage risk, and trade smart!
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