$MAGIC /USDT short trade signal š š¦
BEARISH RETRACEMENT ā SELL PRESSURE EYES LOWER LEVELS š»
$MAGIC has surged nearly 47% in 24 hours but is now losing momentum near $0.2850 resistance. The failure to hold above $0.2700 indicates that profit-taking is in play, with sellers preparing to drag price back toward lower supports for a healthy correction.
š Trade Setup (Short Position)
Entry Zone: $0.2650 ā $0.2720
Take Profit 1: $0.2520
Take Profit 2: $0.2400
Stop Loss: $0.2800
š Market Outlook:
Momentum is cooling as volume declines after the massive pump. A sustained move below $0.2600 will confirm a deeper retracement toward $0.2400. Only a strong reclaim of $0.2800 would invalidate the short-term bearish bias.
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Buy and trade here on $MAGIC