💥 $MAGIC /USDT – Bearish Setup After Local Pump! 🔻📉

After a strong bounce to the $0.2230 high, $MAGIC is showing signs of exhaustion. Price has started pulling back and is now hovering just above key support — a potential short opportunity is brewing!

📊 Trade Setup:

• Entry Zone: $0.1995 – $0.2050

• Target 1 (TP1): $0.1900

• Target 2 (TP2): $0.1860 ✅

• Stop Loss (SL): Above $0.2230

⚡ Technical View:

Momentum is fading after the recent rally, with price getting rejected at resistance. Lower highs are forming, and volume has started drying up.

🛡 Risk Note:

Watch for any strong bounce above $0.1995 – if price flips that level bullishly, this setup may be invalidated. Always manage risk with tight SL.

🔄 Strategy Breakdown:

We’re trading the rejection from a major resistance zone at $0.2230. As price weakens, a short from the current consolidation range aims to capture downside back into the previous demand zones.

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