š° $MAGIC Short Rejection
$MAGIC Short Trade Signal
Current Price: 0.2654
Timeframe: 1h
Resistance Level: 0.2698 (24h High)
Support Level: 0.2276
Entry Zone: 0.2680 - 0.2700 (if breakout fails)
Trade Targets:
ā¢ TP1: 0.2300 šÆ
ā¢ TP2: 0.2100 šÆ
ā¢ TP3: 0.1800 šÆ
Stop Loss: Above 0.2750
Trade Idea:
$MAGIC has experienced a massive pump, pushing the RSI to extremely overbought levels on the 1h chart. The price is now facing strong resistance at its 24h high. A failure to break and hold above this level could lead to a significant correction towards previous support zones.