$MAGIC / USDT – Short Trade Setup! 🚨

Current Price: $0.1675 (+41.23%)

$MAGIC surged over 40%, but long upper wicks and fading volume show signs of exhaustion. Price struggles near $0.18 and looks to form a lower high—a good chance for a quick short pullback.

📉 Short Setup:

• Entry: $0.1670 – $0.1720

• Target 1: $0.1600

• Target 2: $0.1520

• Target 3: $0.1450

• Stop Loss: $0.1785

I’m waiting for a break below $0.164 with a red engulfing candle on 15m to confirm. Tight stops and quick execution are key. Time to hunt this retrace.