$MAGIC /USDT BEARISH BREAKDOWN BELOW SUPPORT ⚠️🚨
📉 Current Price: $0.1369
❌ 24h Change: -13.24%
📊 TECHNICAL OVERVIEW:
$MAGIC /USDT has broken down from critical short-term support, indicating bearish momentum is building up. Price is trading below all key moving averages (MA7, MA25, MA99) which confirms downside pressure.
🟢 Key Resistance Levels:
$0.1415 (minor resistance)
$0.1470 (MA99 & major resistance)
$0.1542 (supply zone)
🔴 Key Support Levels:
$0.1366 (recent low, immediate support)
$0.1300 (psychological & round number)
$0.1250 (next key demand zone)
📌 TRADE SETUP - SHORT ENTRY 💣
🧨 Entry: $0.1370 (current price)
🎯 Target 1: $0.1300
🎯 Target 2: $0.1250
🛑 Stop Loss: $0.1435 (above MA25 resistance & previous structure)
🛡️ RISK MANAGEMENT TIP:
💼 Risk only 1-2% of your capital per trade. Stick to the plan, don’t chase losses, and always respect your SL!
🚨 Wait for a confirmed 4H close below $0.1365 before executing the short for extra confirmation.
🔻 Stay sharp, trade smart!
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