$MAGIC /USDT BEARISH SETUP AFTER WEAK BOUNCE FROM SUPPORT ⚠️🔻

🔍 Current Price: $0.1421

📉 24h High: $0.1476 | 24h Low: $0.1395

📌 Key Technical Levels:

Resistance Zones:

🔺 $0.1450 – $0.1470 (Near-term resistance zone)

🔺 $0.1480 (Local top – strong selling pressure)

Support Zones:

🔻 $0.1395 (24h low, key short-term support)

🔻 $0.1350 (Major support if breakdown continues)

📊 Price Action Insight:

$MAGIC/USDT is struggling to reclaim the $0.1450+ area. After a weak bounce, price is hovering near the $0.1420 zone with bearish volume patterns. A clean break below $0.1395 could trigger further downside.

🚨 Trade Setup – SHORT ENTRY 🚨

Entry: $0.1425 – $0.1440 (on minor pullback)

Take Profit 1 (TP1): $0.1395

Take Profit 2 (TP2): $0.1350

Stop Loss (SL): $0.1475 (Above resistance zone)

🎯 Risk-Reward Ratio: ~2.3R

🛡️ Risk Management:

⚠️ Limit risk to 1-2% per position.

🔁 Trail stop after TP1 to secure gains.

💣 Avoid overexposure in low-volume conditions.

🧠 Smart setups + strict discipline = long-term edge 🧠

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