📉 $MAGIC Short Setup – 15min Chart Analysis 🔍
MAGIC just printed a lower high after rejecting from $0.2151 and broke below both the EMA 20 & EMA 50. The short-term structure looks bearish with a clean bearish EMA crossover and weak bounce volume. Currently retesting the EMA 50 (~$0.1927) from below — perfect spot for a rejection.
🔻 Short Idea:
• Entry Zone: $0.1927–$0.1940 (EMA 50 + potential FVG)
• TP1: $0.1820
• TP2: $0.1720
• TP3: $0.1658 (previous low)
• SL: Above $0.195