$MAGIC – BEARISH BREAKDOWN BELOW SUPPORT, SHORT TRADE ACTIVE

SHARP SELL-OFF. STRUCTURE SHIFTING LOWER.

$MAGIC lost bullish momentum after failing to reclaim the $0.1938 zone. A lower high formed, followed by heavy selling pressure, driving the price below key support at $0.1789. The drop to $0.1732 confirms bearish control, with price now consolidating near the lows — signaling continuation.

SHORT ENTRY: $0.1750

TARGETS: $0.1680 / $0.1600

STOP LOSS: $0.1815

As long as price remains below $0.1790, expect further downside. Bounce attempts likely to be sold off.

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