$MAGIC ICUSDT BEARISH CONSOLIDATION – SELLERS HOLDING PRICE BELOW KEY RESISTANCE

$MAGICUSDT is showing a weak structure as price continues to form lower highs and fails to break above the 0.1900 resistance zone. Current candles indicate selling pressure persisting, suggesting a possible move towards lower support levels if buyers don’t step in soon.

TRADE SETUP:

Short Entry: 0.1885 – 0.1895

Targets (TP):

TP1: 0.1860

TP2: 0.1835

Stop Loss (SL): 0.1920

MARKET OUTLOOK:

Momentum remains bearish in the short term with repeated rejections on minor rallies. If price stays below 0.1900, expect continued downside targeting previous lows with a chance of short scalping opportunities.

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buy and trade here on $MAGIC