🎩 and $MAGIC
/USDT – Abracadabra Reversal Incoming?📉
Price surged from 0.1957 to 0.2981 (a 52% rally), now cooling off to 0.2517, down nearly -8.7% from the top. Volume is drying up after a blow-off top.
Short Setup:
Look to short on weak bounces near previous rejection zone.
Entry Zone:
Between 0.2570 – 0.2650
Targets:
• TP1: 0.2410
• TP2: 0.2285
• TP3: 0.2160
Stop Loss:
Above 0.2715 (reclaim of structure)
Momentum Note:
Price likely front-ran resistance and faced sharp rejection. If RSI stays below 50 on lower timeframes, this favors continuation lower.
Trade Tip:
Use tight risk management; this coin is fast-moving and volatile. A failed retest of 0.2600 is a strong confluence.
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