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Zoe_Crypto analyst
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Bullish
$MAGIC USDT short tread signal š¦ š BEARISH REVERSAL ALERT: TIME TO RIDE THE DROP šØ
$MAGICUSDT has shown an explosive 71% pump but is now rejecting strongly near the $0.2230 resistance zone. Price is forming lower highs on the 15m timeframe, suggesting that bullish momentum is fading fast and a corrective move is due.
š» TRADE SETUP (SHORT):
Entry Zone: 0.2117 ā 0.2140
Take Profit 1: 0.2000
Take Profit 2: 0.1900
Take Profit 3: 0.1800
Stop Loss: 0.2230
š” MARKET OUTLOOK: With a clear rejection from recent highs and strong exhaustion candles, a bearish pullback is likely towards the $0.1900-$0.1800 support area. Bears are stepping in aggressively after the parabolic rise. Momentum is shifting down on lower timeframes.
ā ļø RISK MANAGEMENT: Use strict stop loss and maintain max 1-2% risk per trade to protect capital from unexpected volatility.