$MAGIC /USDT BEARISH COLLAPSE – NEW LOWS LOOMING AFTER FAILED REBOUND!
$MAGIC has plunged 12.85% in the past 24 hours and is now trading at $0.1770. After a steep drop from the $0.2118 high, price action remains weak on the 15-minute chart. Every bounce is being sold off, indicating persistent downward pressure.
Trade Setup:
Entry (Short): $0.1775 – $0.1800
Take Profit Targets: $0.1720 / $0.1665
Stop Loss: $0.1830
Market Outlook:
The chart shows clear lower highs with diminishing bullish volume. Unless buyers step in strongly above $0.1830, continuation to the downside is the higher probability outcome.#BinanceHODLerSTO #AppleCryptoUpdate #DigitalAssetBill #SaylorBTCPurchase #BTCRebound $MAGIC