$MAGIC

/USDT Short Trade Signal .!🚨

$MAGIC is struggling to hold above 0.1600 after a recent rally and shows signs of lower highs. Weak follow-through above 0.1736 and repeated rejection near 0.1640 suggest selling pressure is active.

Entry (Short):

0.1590 – 0.1615 (low-volume rejection zone)

Targets:

1. 0.1530

2. 0.1485

3. 0.1420 (strong support zone)

Stop Loss:

0.1650 (above last rejection zone)

Key Levels:

Resistance: 0.1640 / 0.1736

Support: 0.1484 / 0.1420

Pivot: 0.1570

Pro Tip:

Watch for bearish confirmation (e.g., bearish engulfing candle or lower high setup) on 15m or 1h timeframe. Avoid entry if MAGIC reclaims and holds above 0.1650 with volume.

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