$MAGIC /USDT BEARISH SETUP 🔻 | STRUGGLING TO HOLD ABOVE SUPPORT LEVELS

📉 Current Price: $0.1863 (-3.07%)

🔺 24h High: $0.2085

🔻 24h Low: $0.1704

📊 Volume (24h): MAGIC: 164.30M | USDT: 31.08M

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🔍 Technical Outlook:

$MAGIC/USDT faced a sharp rejection from $0.2085, forming a steep pullback. The price is now consolidating below the $0.1900–$0.1950 resistance zone with fading bullish momentum. If it breaks $0.1800, expect further downside.

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📌 Key Levels:

Resistance Zone: $0.1900 – $0.1950 🚧

Support Zone: $0.1750 – $0.1700 🛡️

Current Price: $0.1863 ⚠️

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📉 Bearish Trade Setup (SHORT):

🔹 Entry Zone: $0.1860 – $0.1880

🔹 Take Profit Targets:

    • TP1: $0.1800

    • TP2: $0.1750

    • TP3: $0.1690

🔹 Stop Loss: $0.1960

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⚠️ Risk Management:

🎯 Risk only 1–2% per trade.

🔐 Always use a SL & follow your plan – discipline pays.

📉 Momentum fading fast – bears in control!

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