$MAGIC /USDT BEARS TIGHTEN GRIP — PRICE TESTING CRUCIAL SUPPORT LEVEL

MAGIC is showing continued bearish pressure after failing to hold above $0.1680. Price is now hovering near the recent low of $0.1624, signaling that sellers are in control. If this support breaks, further downside could accelerate.

🔹 Trade Setup (Short Entry)

Entry Zone: $0.1640 – $0.1650

Take Profit 1: $0.1600

Take Profit 2: $0.1565

Stop Loss: $0.1690

📊 Market Outlook:

Momentum remains bearish as the price continues to form lower highs and lower lows. A break below $0.1620 could open the path for a sharper decline, while resistance near $0.1690 caps any bullish attempt.

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