The short-term small top of $MAGIC has appeared!

Currently, the bullish momentum is obviously being curtailed.

With a precise opportunity to short at 0.235, let's set our stop loss at 0.25. If the price unexpectedly breaks through this level, we will promptly stop loss and exit to prevent losses from widening. The take profit targets are set at several levels: first look at 0.22 - 0.2 - 0.18.

Recently, this wave of increase has been too strong, and in terms of technical indicators, the RSI has soared into the overbought zone. It is evident that the market has a significant risk of pullback in the future. At such times, as long as we manage the stop loss and take profit well in short selling, there are still good opportunities to profit!