$MAGIC /USDT Short Signal Alert
Current Price: $0.2238
Change: +70.19% (24h)
Category: Gaming Token
Short Setup:
Entry Zone: $0.2240 – $0.2290
Stop Loss: $0.2396 (above recent high)
Take Profit Targets:
TP1: $0.2160
TP2: $0.2020
TP3: $0.1890
Key Points:
RSI(30) is at 63.72, nearing the overbought region, signaling potential exhaustion.
MACD Histogram shows fading momentum, indicating a possible bearish crossover.
Price Action shows a long upper wick on the 15m chart, suggesting strong seller pressure near $0.2395.
Volume Spike could imply a bull trap, with profit-taking underway.
Pro Tip:
Wait for confirmation with a breakdown below $0.2160 for stronger momentum. Use tight risk management—this coin is volatile with recent 70% gains.$MAGIC