📉 $MAGIC/USDT Short Trade Setup – Exhaustion After the Pump! 🚨🔻
🔻 Short Trade Setup:
📥 Entry Zone: $0.1670 – $0.1720
🎯 Take Profit Targets:
▪️ TP1: $0.1600
▪️ TP2: $0.1520
▪️ TP3: $0.1450
🛡️ Stop Loss: $0.1785
Over 40% rally… but the momentum is fading fast — time to catch the pullback!
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Current Price: $0.1675 (+41.23% in 24h)
$MAGIC just delivered an explosive pump, climbing over 40%, but the price is now struggling to break above $0.18. We’re seeing strong top wicks and declining volume, both classic signs of buyer exhaustion.
A lower high is forming — and that sets up a prime short opportunity for a fast downside move. Volatility = Opportunity 💥📊
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📊 Why This Setup Works:
✅ Failure at Key Resistance: $0.18 holding price down
✅ Wick Rejections: Showing heavy selling pressure near the top
✅ Volume Dropping: Less interest from buyers — momentum fading
✅ Lower High Formation: Bearish structure forming for short entry
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💡 Pro Tip:
Watch for a break below $0.164 with a red engulfing candle on the 15-minute chart — that’s your confirmation trigger.
This is a fast-moving setup, so be quick, and stick to tight stops for maximum control 🎯
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⚠️ Risk Management Reminder:
Always use a strict stop-loss at $0.1785
Risk only 1–2% of your capital on this trade
Focus on fast execution — don’t let emotions override your plan
$MAGIC @NoobToProTrader 📉⚙️
