#GENIUSActPass
If you have entered a sell position on the **MAGIC/USDT** pair based on the previous data, here is the necessary analysis and follow-up to manage the trade effectively:
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### **1. Analysis of the Sell Entry Point**
- **Price at Entry**: Assume you entered at **0.1459** (or close to it).
- **Key Levels**:
- **Upper Resistance**: 0.1496 (Sector Level).
- **Lower Support**: 0.1397 (Square Level).
- **Current Drawdown**: -1.35% indicates selling pressure, but it may be a temporary correction.
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### **2. Setting Stop-Loss and Take-Profit Targets**
- **Stop-Loss**:
- It is preferred to place it above **0.1496** (strong resistance) or at **0.1480** if you are more conservative.
- Reason: Breaking resistance may indicate a resumption of the uptrend.
- **Take-Profit**:
- First Target: **0.1397** (Square Support) — Return ~4.2%.
- Second Target: If support at 0.1397 is broken, the decline may continue to **0.1350** or lower (depending on trading volume).
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### **3. Factors to Monitor**
- **Trading Volume**:
- If volume increases when testing 0.1397, it may indicate a potential break of support or a price rebound.
- **Order Book**:
- Check for a sell wall at 0.1459-0.1496 or a buy wall at 0.1397.
- **Overall Market Context**:
- If the overall market (like BTC or the gaming sector) is in decline, it may support the continued drop of MAGIC.
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