$MAGIC /USDT Fading the Hype or Reloading the Spell? ✨
After a sharp pump to $0.1817, $MAGIC is now cooling off and hovering around the $0.1543 mark. Price action is compressing a breakout (or breakdown) could be next.
Short-Term Trade Idea (1H):
Entry Zone: $0.1530 – $0.1560 (look for weakness or fake push)
🎯 TP1: $0.1465 (minor support zone)
🎯 TP2: $0.1405 (retest of recent low)
🎯 TP3: $0.1340 (full retrace possibility)
⛔ Stop Loss: $0.1620 (above consolidation high)
Context:
Rejection at $0.1817 with strong selling wick
Weak bullish follow-up, flat volume
Bearish bias unless $0.1620 is broken with strength
Tip: If$MAGIC bulls can’t reclaim momentum fast, bears might fade this pump down to key support levels.
