$MAGIC USDT SHORT TRADE SIGNAL ๐ด
DISTRIBUTION IN PLAY โ MAGIC SLIPS INTO BEARISH GRIND ZONE
$MAGICUSDT has lost grip of its support near $0.1400 and continues forming lower highs and lower lows on the 15m chart. Weak attempts to bounce are being sold into, suggesting sellers remain in control. Unless it breaks above $0.1405 with volume, the path of least resistance is down.
Trade Setup:
Entry Point: $0.1385 - $0.1395
Stop Loss: $0.1415
Take Profit 1: $0.1360
Take Profit 2: $0.1325
Take Profit 3: $0.1290
Margin: 2-3% of wallet
Leverage: 10x
Market Outlook:
Bearish momentum is sustained with repeated rejections at short-term resistances. Structure favors short scalps unless a bullish engulfing or volume spike appears. Tight trailing advised on TP1 break.
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