$MAGIC USDT – LOWER HIGH FORMED AFTER REJECTION FROM $0.2230 – BEARISH SIGNAL
MACD REMAINS NEGATIVE – MOMENTUM STILL WEAK
FAILED TO BREAK PREVIOUS HIGH – POSSIBLE DOWNSIDE AHEAD
$MAGIC attempted to reclaim momentum but was rejected below the $0.2134 zone, forming a lower high. MACD is still in negative territory with red histogram bars building, confirming bearish momentum.
Short Trade Setup
Entry: $0.2030
Stop Loss: $0.2095
Take Profit: $0.1940 / $0.1880
Margin: 2-3% of wallet
Leverage: 10x
Market Outlook: Weak recovery and fading volume suggest bearish continuation. A breakdown below $0.20 could accelerate downside.
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